Strong Subscription Revenue Growth
Subscription and support revenue grew 13% year-over-year to $46.8 million in the quarter.
Annual Recurring Revenue Milestone
ARR surpassed $200 million for the first time, ending the quarter at $201.7 million, up 12% year-over-year.
Adjusted EBITDA and Margin Improvement
Adjusted EBITDA for the quarter was $10.4 million with a margin of 19.2%, indicating improved profitability.
International Expansion
Continued international growth with new markets like Brazil and India showing promising developments.
Product Innovation and Customer Impact
Introduction of D2L Lumi and Creator+ with positive customer feedback; American College of Financial Services saw an 18% increase in certifications.
Strong Professional Services Revenue
Professional services revenue increased to $7.5 million, driven by demand for online learning strategies.