Docebo Inc.

Good morning, everyone, and welcome to the Docebo Inc. second quarter earnings call. All participants are currently in a listen-only mode. Following the presentation, we will open the lines for a question and answer session for analysts. Instructions will be provided at that time for research analysts to ask questions. We ask that the analysts please limit themselves to two questions and return to the queue for any follow-ups. I'd now like to turn the call over to Docebo's Vice President of Investor Relations, Mr. Mike McCarthy. Please go ahead, Mike.

Thank you, Operator. Before we begin, Docebo would like to remind listeners that certain information discussed today may be forward-looking in nature. Such forward-looking information reflects the company's current views with respect to future events. Any such information is subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those projected in the forward-looking statement. For more information on the risks, uncertainties, and assumptions relating to forward-looking statements, please refer to the Docebo public filings, which are available on CDAR and EDGAR. During the call, we will reference certain non-IFRS financial measures. Although we believe these measures provide useful supplemental information about our financial performance, they are not recognized measures and do not have standardized meanings under IFRS. Please see our MD&A for additional information regarding our non-IFRS financial measures, including for reconciliations to the nearest IFRS measures. Please note that unless otherwise stated, all references to any financial figures are in U.S. dollars. Now, I'd like to turn the call over to Docebo's CEO, Claudio Erba.

Ciao, everybody, and thank you for joining us for our second quarter earning call. With me today is Alessio Artuffo, our President and CRO, and Sukhara Mehta, our CFO. Results for June represented another quarter of consistent execution and solid overall performance for the company. Adjusted for the impact of foreign exchange, ARR, and revenue for the quarter was in line with our expectations and we are pleased to report positive free cash flow generation based on our commitment to balance growth with profitability. We did experience some impact from certain enterprise deals that had been stretched out of the quarter. We continue to watch the evolving macro-dynamics that say that demand for our solution suite is solid and our fundamental growth drivers are intact and healthy, anchored by our ability to support the complex external, internal and hybrid needs of our customers' learning journey. This provides us a long-run way of organic growth that is supported by a total addressable market that enables our enterprise customers to deliver external learning that is core to their revenue-generating operation and continuous productivity enhancement. It is important to note that the total addressable market for our external training, where Docebo is best in class, is about twice as big as the internal use case. In addition to the high-profile labor training and retention challenges being accelerated by the macroeconomic environment, there are several fundamental strategic drivers we will keep you focused on. These include training to drive customer and partner success as well as revenue enablement. Our customers have growing reliance on training with their own partner ecosystem and they require configurable offerings that are easy to deploy and cost effective. Such drivers showcase that one side fits all legacy centralized systems are unable to meet the needs of today and tomorrow certifying greenfield, upsell and displacement opportunities. Simply layering on LSP capability cannot address a lack of feature of the inability to integrate into a complex evolving software stack. It's here that an innovative disruptor like Docebo is easily positioned to gain mind and market share. When implementing our solution, customers are not weighted down by silos, but instead can leverage a federated ownership model where a single LMS serves as a multi-department system with multiple owners addressing both external and internal use cases as well, as displacement and greenfield opportunities. These federated ownership expand our horizontal platform reach across multiple buyer persona inside the organization, each with their own unique voices and nuances. In addition to creating the sticker customer, this is also adding to the number of internal customers engaged in the sales process, including the CTO or CFO, whose focus is to streamline and consolidate their tech stacks. and while this makes for a longer sales cycle, it brings emphasis to the nature of the strategic partnership that those customers are looking for. In short, our opportunities are many and we are executing well against the growth strategy we have set in place to capitalize on them. We are doing this by gaining share in a large under-penetrated market where the current macro environment provides an opportunity to gain valuable main share. Keeping our priority focus on growth and making the investment to drive that outcome without sacrificing profitability, maintaining a strong balance sheet now supported by positive free cash flow generation. Through our balanced investment we have positioned ourselves extremely well for the upcoming cycle and we are genuinely excited about how this environment will serve as a catalyst for further innovation and disruption to the legacy LMS status quo. Now I would like to turn the call over to Alessio who will give you an operational update.