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TORONTO - Docebo Inc. (NASDAQ:DCBO; TSX:DCBO), a leading provider of learning platforms with a focus on artificial intelligence, announced the promotion of Brandon Farber to Chief Financial Officer. Mr. Farber, who has been serving as the Interim CFO since March 1, 2025, steps into his new role effective immediately, bringing over 15 years of experience in finance across the technology, private equity, and venture capital sectors. The appointment comes as Docebo maintains strong financial health, with InvestingPro data showing impressive gross profit margins of 80.8% and annual revenue growth of nearly 20%.
Previously, Mr. Farber joined Docebo in October 2021 as Vice President of Finance, overseeing all finance functions. He was promoted to Senior Vice President of Finance in January 2023 before taking on the interim CFO role. His prior experience includes significant finance positions at Constellation Software and Finastra, where he managed business planning, finance operations, and mergers and acquisitions. Mr. Farber began his career at KPMG Canada, focusing on the telecommunications, media, and technology sectors. He is an alumnus of the Richard Ivey School of Business at Western University and holds CPA and CA designations. Under the company's current financial leadership, Docebo has maintained a strong balance sheet with more cash than debt, while generating positive earnings of $0.86 per share in the last twelve months.
Alessio Artuffo, President and CEO of Docebo, expressed his confidence in Farber's appointment, citing his integral role in the company's finance and management leadership team and his deep insight into Docebo's market position. Artuffo highlighted Farber's analytical mindset and financial expertise as key attributes for his role as CFO. According to InvestingPro analysis, which offers comprehensive research reports on over 1,400 US stocks, Docebo's current market position suggests potential upside, with analysts maintaining positive price targets despite recent market volatility.
For his part, Mr. Farber expressed his honor in accepting the CFO position and emphasized his commitment to working with the executive team and Board of Directors to drive AI-first learning innovation and enhance customer experiences while focusing on sustainable growth and profitability. The company's financial metrics support this focus, with InvestingPro data showing strong cash flows and a healthy return on invested capital of 25%.
The press release also contained forward-looking statements about the company's focus on growth and profitability, and value and returns. It cautioned that these statements are based on current opinions, estimates, and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially.
This news is based on a press release statement and provides investors with the latest developments in Docebo's executive team as the company continues to assert its leadership in the learning platform market.
In other recent news, Docebo Inc. reported its Q4 2024 earnings, revealing an earnings per share (EPS) of $0.28, slightly surpassing the forecast of $0.27. However, the company's revenue fell short of expectations, coming in at $54 million against a projected $56.25 million. This revenue miss has raised concerns among investors despite the EPS beat. Meanwhile, Scotiabank and Morgan Stanley have both adjusted their price targets for Docebo, with Scotiabank reducing it to $45 and Morgan Stanley to $43, citing a slowdown in subscription growth for 2025. Despite these challenges, Docebo's Enterprise ARR is estimated to have grown by approximately 20% in Q4, and improvements in its Net Promoter Score were noted. Cantor Fitzgerald has reaffirmed its Overweight ratings for Domo and Rezolve AI, highlighting their strategic partnerships to enhance sales and marketing efforts. Docebo is also focusing on transforming into an AI-first learning platform, aiming for FedRAMP certification by the end of Q3 to enhance its competitive edge in government-related contracts. These developments reflect a mixed outlook for Docebo as it navigates market challenges and strategic shifts.
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