SAN FRANCISCO – Udemy (NASDAQ: UDMY), a prominent player in the online learning and skills development market with annual revenues of $776 million and impressive gross profit margins of 61%, announced today the appointment of two new members to its Board of Directors. According to InvestingPro data, the company currently appears undervalued based on its Fair Value analysis, with 9 analysts recently revising their earnings expectations upward. Marylou Maco, Avaya’s Chief Revenue and Customer Experience Officer, and Debra Chrapaty, Chief Technology Officer at Toast (NYSE:), are joining the board, bringing a wealth of experience from the technology sector.
The appointments come at a time when Udemy is focusing on expanding its market presence and leveraging emerging technologies such as generative AI to address the increasing skills gap in the workforce. The company maintains a strong financial position, holding more cash than debt on its balance sheet, which provides flexibility for strategic initiatives. For deeper insights into Udemy’s financial health and growth prospects, InvestingPro subscribers can access comprehensive analysis and 8 additional exclusive ProTips. Sohaib Abbasi, Chairman of Udemy’s Board of Directors, expressed confidence that the expertise of Maco and Chrapaty will be vital in steering the company’s growth strategy.
Maco’s role at Avaya involves overseeing sales strategies and customer engagement, building on her previous experience at Genesys and a 20-year tenure at Cisco (NASDAQ:). She has been recognized for leading a significant transformation at Cisco, driving alignment across a multi-billion-dollar portfolio.
Chrapaty, with a background as CTO at Toast and former roles at Amazon (NASDAQ:) Alexa and Wells Fargo (NYSE:), is known for her leadership in technical planning, AI, and product engineering. Her career has spanned multiple industries, contributing to her deep understanding of technology’s role in business transformation.
Both executives are expected to offer strategic insights into Udemy’s customer-centric approach and its mission to provide relevant skills training. Maco aims to apply her experience in executing strategic plans to create value for stakeholders, while Chrapaty is set to support the company’s vision in addressing the dynamic needs of organizations worldwide.
Udemy’s platform offers a wide array of courses in various languages, catering to individuals and businesses. Its enterprise solutions, Udemy…
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