Docebo announced financial results for the three months and fiscal year ended December 31, 2019.
Docebo (TSX:DCBO) announced financial results for the three months and fiscal year ended December 31, 2019.
As quoted in the press release:
“Growth in 2019 was led by the strength of our North American business, as we continue to gain traction with mid market enterprises and divisions of large global companies and now have over 1,800 customers,” said Claudio Erba, CEO and Founder of Docebo. “This resulted in strong year over year revenue growth of 53% in the fourth quarter, a 34% increase in average contract values and we have added $17.3 million in annual recurring revenue since the beginning of the year to reach $47.2 million at year end. The investments we are making to be the innovation leader, expand our sales reach and better service our customers are laying the foundation for our expanding global presence.”