Docebo Inc.

Good morning, everyone, and welcome to Day Chobos Inc. Q4 2022 earnings call. All participants are currently in a listen-only mode. We will open the line for a question and answer session for analysts following the presentation. Instructions will be provided at that time for research analysts to ask questions. We ask that analysts please limit themselves to two questions and return to the queue for any follow-up. I'd now like to turn the call over to De Chobo's Vice President of Investor Relations, Mike McCarthy. Please go ahead, Mike.

Thank you, Operator. Before we begin, De Chobo 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 maturely from those projected in the forward-looking statements. For more information on the risks, uncertainties, and assumptions relating to forward-looking statements, please refer to Docebo's public filings, which are available on CDAR and EDGAR. During the call, we will reference certain non-IFRS financial measures. Although we believe 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 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 CEO, Claudio Urba.

Ciao, everybody, and thanks for joining us for our fourth quarter earning call. With me today are Alessio Tuffo, our president and COO, and Sukhara Mehta, our CFO. Let's get right into the results. On a constant currency basis, revenue for the year was up 41%, while the four-quarter revenue grew at 35%. I'm also pleased to announce that adjusted EBITDA margin for the four-quarter was 6% and 1% for full fiscal year 2022. Our ability to deliver strong revenue growth and improving profitability are a reflection of our consistent execution and operating discipline, with Q4 results again exceeding analysts' estimates. Our performance through 2022 was strong when set against the macroeconomic headwinds. In terms of the demand environment, not much has changed since the last quarter. We continue to see longer deal cycles more sweet involvement in decision-making, and increased budget scrutiny. These trends carried into the fourth quarter, but it's not worth it to share that they did not get worse. Looking ahead to 2023, growth remains a top priority for Ducego. This is what we see in our reach given the size of our market opportunity, the strength of our balance sheet, and our improving profitability. Docebo continues to prioritize high growth with extreme efficiency. We emphasize high performance for our employees and maintain a flat organizational structure with fewer layers of middle management. Additionally, we are deploying technology internally to our tech stack to scale and gain operating leverage for the next phase of growth. For example, in Q1 2023, we implemented a major CRM system upgrade for our quote-to-cash process that will drive further efficiency. Sukaran will provide further details on efficiency initiatives in 2023. In terms of innovation, Decebo has been investing in AI for the past four years. We see the next wave of investment in generative AI as fundamental on how Decebo delivers its learning solutions. We were early to this market with solutions like Decebo Shape, our generative AI-based content creation model. The table shape has its best attachment rating to 4, and we are glad to see the strategic investments that we have made are starting to pay back. Next week, I will be hosting a webinar to discuss in more detail how generative AI will impact the learning automation. Registration details for this event are available on our investor relationship website. During the quarter, we also launched Docebo Learn Data. This is a powerful enterprise solution that seamlessly integrates our customer business intelligence ecosystem to Docebo's learning data and provides TPI for broader analysis, faster insights, and high-quality decision-making. In terms of M&A, we believe that the well-designed tuck-in strategy that supports our build versus buy methodology will be accretive to our shareholders. Our M&A roadmap is carefully to, through, and continuously reviewed. We commit from the lens of solutioning by its case, such as customer education, onboarding, and sales enablement. We prioritize their investment to provide fast time to market and to deliver new capabilities to our customers. In 2023, we expect valuation in the private market to become more reasonable, and we are taking a closer look at stocking deals that support two principles. First, great adjacent products and features, and second, innovative teams that feed the Docebo culture. In closing, I want to emphasize that we are very excited about the year ahead. Our investments have built a strong foundation for Docebo, and it is our disciplined execution that will enable us to remain a disruptor in the market for enterprise learning. Now, I would like to turn the call over to Alessio, who will give you an operational update.