Financial Performance - Talent Development Solutions (TDS) revenue grew by 1% to $99.1 million compared to the prior year[27] - Global Knowledge (GK) revenue declined by 16% in Q1 FY2026[31] - Total revenue decreased by 3% year-over-year to $124.2 million in Q1 FY2026[30, 31] - Adjusted EBITDA increased by $3 million, or 17%, year-over-year to $22.1 million in Q1 FY2026[34] - Adjusted EBITDA margin improved by 300 basis points year-over-year to 18% in Q1 FY2026[27, 34] - Free cash flow increased by $15.7 million year-over-year to $26.2 million in Q1 FY2026, driven by working capital timing[33, 34] Business Highlights and Strategy - The company reaffirms its fiscal year 2026 outlook, projecting both revenue and Adjusted EBITDA growth[14] - TDS segment has achieved three consecutive quarters of revenue growth[18] - The company is executing a transformation plan focused on expense reduction, margin expansion, and a return to topline growth[20] - The company estimates a $400 billion market opportunity in talent development, with a shift towards a talent development lifecycle approach[22]