Docebo Inc.

Good morning everyone and welcome to the Docebo Q2 2023 earnings conference call. All participants are currently in listen-only mode. We will open the lines for a question and answer session for analysts following the presentation. Instructions will be provided at that time for research analysts to queue up. We ask that analysts please limit themselves to two questions and return to the queue for any follow-ups. I would now like to turn the call over to Docebo's Vice President of Investor Relations, 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 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 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 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 Erba.

Ciao, everybody, and thank you for joining us for our second quarter earnings call. With me today, Alessio Tuffo, our president and COO, and Brandon Faber, our senior vice president of finance. Brandon is filling in for Sukaran Mehta, our CFO, who is with his wife for the arrival of their first child. We wish Sukaran and his wife the very best. This morning, I will begin with a high-level summary of our results. We are pleased to report revenue growth of 25% in the June quarter that exceeded the upper end of our guidance range. Our profitability also exceeded our guidance with an adjusted BDA margin of 7%. From a macro perspective, we saw trend consistent with the prior quarter. Enterprise segment spending is a showing sign of stabilization where our pipeline is healthy. while SMB customers took a more cautious approach due to macroeconomic impacts. Geographically, we are seeing activities in the U.S. beginning to pick up while Europe remains flat. After successfully partnering with Amazon, Docebo is proud to announce that in Q3, we signed a major deal with another big five U.S.-based global technology leader as a customer. This partnership will support their multiple use cases, including a large external audience. Additionally, we will leverage their generative AI services to transform the delivery of personalized learning at scale and integrate cutting-edge features and functionalities into the Chabos learning platform. As well, to further advance our leadership in AI, we acquired EduGo, This acquisition enhances our capability in large learning language model technology that also brings a team of expert AI engineers on board. We anticipate that this acquisition will contribute to our disruptive innovation engine, which has made Docebo a leading player in artificial intelligence and learning automation. We look forward to providing more updates about our AI development roadmap at Docebo Inspire in September, our annual customer conference. In terms of channels, we are becoming increasingly excited about our expanding presence in the government vertical, also known as Fed and SLED. In Q2, we continue to demonstrate the viability of our platform through successful wins with municipal, provincial, and state-level customers. To further expand our customer base to include federal and state government customers, we are beginning the process of becoming federal compliance in the United States within the next two quarters. As previously discussed, we see this market as an excellent pillar for long-term growth. We have made strategic hires to form government-specific vertical teams and are building focused channel partner relationships with highly regarded firms, such as Carsoft and other large system integrators, to expedite our access to the government space. Our capital allocation strategy focuses on two areas, selective merger and acquisition, and efficient return of capital to shareholders. As valuation has become more favorable, we completed a suit-hacking acquisition this quarter. We will continue to evaluate opportunities based on their potential to address a broad spectrum of use cases that complement our platform. Before concluding my remarks this morning, I want to thank Martino Baggini, previously Chief Corporate Development Officer, a longtime partner and friend, for his service. As he decided to embark on a new chapter of his life, we wish him all the best on behalf of the entire company. Martino's corporate development responsibility will be reassigned to the finance organization, where we will leverage Sukarno's private equity expertise and his team's strong capabilities. They will work closely with me on future corporate development opportunities. In conclusion, despite ongoing macroeconomic challenges that have become the new normal, our customers recognize that learning solutions are a strategic necessity to drive top-line growth, and core component of their tech stack. Docebo's strong financials, operational efficiency, and improving profitability position us for well-sustainable balance long-term growth. As we emerge from this economic cycle, the investment we make today will further strengthen our position and accelerate Docebo growth. Now, I would like to turn the call over to Alessio, who will give you an operational update.