Docebo Inc. (NASDAQ:DCBO) Q3 2023 Earnings Conference Call November 9, 2023 8:00 AM ET

Company Participants

Mike McCarthy - VP, IR

Claudio Erba - CEO

Alessio Artuffo - President and COO

Sukaran Mehta - CFO

Conference Call Participants

Suthan Sukumar - Stifel

Josh Baer - Morgan Stanley

Kevin Kumar - Goldman Sachs

Martin Toner - ATB Capital Markets

Robert Young - Canaccord Genuity

Richard Tse - National Bank Financial

Operator

Good morning, everyone, and welcome to the Docebo's 2023 Third Quarter Earnings Call. All participants are currently in a 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 ask questions. 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, Vice President of Investor Relations, Mike McCarthy. Please go ahead, Mike.

Mike McCarthy

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 SEDAR+ 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 US dollars.

Now, I'd like to turn the call over to Docebo's CEO, Claudio Erba. Claudio?

Claudio Erba

Hi, everybody, and thank you for joining us for our third quarter earnings call. With me today, Alessio Artuffo, our President and COO; and Sukaran Mehta, our CFO.

I will begin our call this morning with a short summary of our Q3 results and business update. We are pleased to report that subscription revenue increased by 27% and total revenues grew by 26% in September quarter with the total revenues exceeding the upper end of our guidance range.