Brief: Accolade Inc - Reiterates Guidance For The Fiscal Fourth Quarter Ending February 28, 2023 Of Revenue Between $97 Million And $101 Million

Accolade

28/02/2023 22:15

Feb 28 (Reuters) - Accolade Inc  ACCD.O :
    * REITERATES GUIDANCE FOR THE FISCAL FOURTH QUARTER ENDING
FEBRUARY 28, 2023 OF REVENUE BETWEEN $97 MILLION AND $101
MILLION
    * REITERATES REVENUE GUIDANCE FOR THE FISCAL YEAR ENDING
FEBRUARY
29, 2024 OF APPROXIMATELY $410 MILLION
    * Q4 REVENUE VIEW $99.6 MILLION -- REFINITIV IBES DATA
    * IMPLEMENTING STRATEGIC REDUCTIONS IN ACCOLADE’S WORKFORCE
    * EVALUATED ITS OFFICE FOOTPRINT, CLOSED OR REDUCED CERTAIN
SATELLITE FACILITIES
    * ACCOLADE PLANS TO CONTINUE TO HIRE PERSONNEL TO SUPPORT
ITS
SERVICE CAPACITY NEEDS AND GROWTH EXPECTATIONS
    * ACCOLADE -  RELOCATING CERTAIN NON-CUSTOMER-FACING ROLES
TO
OFFICE LOCATIONS OFFERING HIGH QUALITY SKILL SETS, LOWER COST
WORKFORCES
    * FY2023 REVENUE VIEW $363.6 MILLION -- REFINITIV IBES DATA

Further company coverage:  ACCD.O 

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