Thank Thank for us full you our afternoon, good joining and you, call. year fourth all quarter earnings and for XXXX April everyone.
I fourth provide first our XXXX During provide today's call, Dale and results quarter year will guidance. and details on quarter full and
QX, previously leaders unwavering resulted and to consistent supporting role have we unprecedented customer in revenue Throughout guidance satisfaction global rates. challenges. communicated pride in the performance educators, our of This vital its ranges played commitment core exceeding COVID aftermath, take strong navigated EBITDA. and students, adjusted quarter-to-quarter and retention and of and parents community quarter At they guidance the critical in students. our Instructure metrics delivered Instructure, another as serving educators high great in across we has a pandemic
we are XXXX, balanced profitability. and impact to continue the confident relationships and deliver into further committed we to growth we on As educational we our expanding landscape, can move are and growing these
truly Our revenue outstanding million, million, strong fourth XX.X% receipts GAAP million, a up quarter Fourth Instructure. XX.X% up off XX.X%. XXXX revenue $XXX.X million, or year-over-year, $XXX.X Allocated while ACR, $XXX.X for GAAP year year Full year-over-year. was year-over-year. combined XX.X% up ACR was quarter financial performance was also up capped was $XXX.X
approximately Foreign exchange results year. for pressured the percentage the quarter top X.X line and for by roughly first X% point
million, customers to Thanks to investment our fourth increased a XXXX, margin. X,XXX XX.X% year-over-year in quarter focused year adjusted base. the XX.X% Full grew the EBITDA $XX.X X.X% year-over-year at end customer highlights Total our adjusted million. $XXX.X approach, growth grew EBITDA of XXXX to XX% to opportunity continued which
how success to education, about wins from platform of in now the new non-traditional talk advancing logos, operational date: our strategy, power to is with I and continued key quarter strategy, want highlights five our Continued efficiency. the M&A
our First, strength driving platform. are offerings focused of continued the go-to-market logos new in set onto and expanded bringing
international major solve new landscape. K-XX our rate logo half continue challenges an the the education solutions increased in of healthy across choose real from win because very learning already to and Instructure's in and markets, U.S. second XXXX as meaningful the they institutions Our in teaching rates higher across
students. and a rates non-traditional market competitive to a existing learning fourth choosing high higher with XX% their help are In during we enrollment see exploring segment to platform this new challenging challenge, institutions face options. hold while and traditional Instructure's as we learning customers Both share education, win supporting quarter meet continued the students
displace of to platform its systems flexibility scalability, cloud-native given Our use, continues and experience. superior legacy ease user
experience, functionality, enhanced alignment Impact and state and support XXxX end consistency user the system quarter, Louisiana the due greatly for of technical university University users. of improved During other Canvas with selected to systems
strong as systems, of providing remain the North expect the higher still we legacy institutions in education ahead, opportunity. Looking nearly higher of U.S. LMS opportunity XX% to plenty American growth use education
leader quarter segment Canvas platform K-XX, and market the as digital in U.S. of Canvas fourth the Instructure their with transformation. the XX% K-XX became foundation the In learning share districts of using all
education decision-makers to continue our K-XX critical to K-XX and that more systems We the post-COVID than Because emerge from new inorganic, digital hear long-term into transformation on opportunities and we a is settled both as investment, our ever. are of of are normalcy. solutions that investment that well-positioned organic capitalize
other Canvas LMS, superior best-in-class and Maryland with a foreign structured decision Canvas integrations Public materials This reliability Canvas and RFP initial large The competitive tools, products, Impact. Studio, Instructure's example, service. the driven of Charles For School and was MasteryConnect by our selected scale quarter. our during in County, contract our third-party power a District the and includes
classroom. Looking ahead, high, for to in Win confident gain robust. pipeline new share and funding is remains the due rates logos the environment remain post-pandemic we the we're continue will role play essential we the favorable, to
with the and of experiences the Tomas the support process, preferred large from feedback the teachers, all wins the broad a QX simple, evaluation the student sheer clear use, business five-year to and optimized LMS that outcomes with breadth of Santo was our of administrators a win Philippines third-party mobile for overall for part and Canvas well-designed instructors, familiar several included Canvas In solicited including was dollar us and International refrain, tools. in-depth the choice LMS they ease growing of Their integratable multi-million remained in by stakeholders. Canvas students fastest due told quarter, in University during Studio.
stakeholders' This our as aligning investments. solving and to validate approach examples other the platform with best and problems internal
reselling, partners our through revenue, potential implementation, see support channel not allows by to continue and but also success services. training just generate also to partner with program, which We
including we XXXX. Nihon University, across Japan, science other a notable colleges in be the driving During wins, college the will in had higher institution technology quarter, and largest education several of whose adoption
to which system in other In scenario drive providing addition, the case Japan University, is universities public part prefectural use is prefectural Kumamoto to Japan, university of XX adoption. in a
rely on platform customers and learning, talk us of will our simplifying strategy Second, more wave products in the driving technology I wanted foundational teaching and in look touches role all next the of our tech our integrations our and XX% of to our workflows ed These our Since innovation. partners. us to and the to and continue automating come teaching own more and continue from learning to workflows. and both about
products. to through products Canvas billion addition own now Our and success in represent inorganic our a cross-sell due opportunity selling $X excess the of and our organic
has customer efficient more our Our driving higher customers having focused customer XX% with platform expanded and across of Catalog we in or to whole adding continue strong new a in is the cadence where Public noteworthy journey Maryland of existing the XXXX. K-XX, including of see products Schools, been set customers quarter. on go-to-market added base, of during products, particularly our or County which products This two offerings additional penetration seats
increase in over our We XX%, platform. a of year-over-year billion XXX last of resulting nearly the partners on partner launches XX.X in months. apps also have XX
learning. Our and accreditation like partners tools assessment businesses because to eLumen platform solely curriculum learning sustainable create is are exist assessment assessment more that advanced planning for of mapping, and core power outcomes platform. like Instructure student eLumen powerful so juried and is the that of insights the adding about building valuable more Canvas taking
a effect business. customers and our retention rates strong, durable create that and Our our is to a strong stable provides key win existing with powerful helps improves referenceable and our platform creating loyalty ecosystem and and
Third, us education in have our in new different in win opportunities strategy to segments expectations. opportunities environments. talked unlocks about calls also non-traditional and the allows We've that exist prior that
body training and deal the with touch large three-year the the X,XXX we and education XXX,XXX C&G quarter, students continuing continuing They for Institute. with in U.K. London of the Ireland. roughly largest a awarding won U.K. the and colleges During work and in Guilds providers nationwide. education City over is
procurement of initially partner the chose instructional process, to Instructure their the as multi-year out rolling a how vision already Impact may and learning are its their evaluating their community Following Canvas future. are growth organization. support for C&G future and for credentials technology They
our extends compliance, to of effectiveness inventory, acquisition by the rapidly to platform tools meaningful across our capabilities. procurement stakeholders data and into real-time platform usage. continue with capabilities TAM M&A evidence-based of on their and LearnPlatform, our we educational use Fourth, increase sixth landscape and XXXX strategic the insight since our expand providing learning the
investments and take partners, Together, that with join they drive Canvas, model. discuss We fits retention. to how learning acquisitions to our value users address Kimono, long-term six partners of of in for I and enable will usage, value platform effects durable integrate, believe optimize integrations an network Instructure the helps durability issues efficacy growth and the married with minute into receive extensible customers directly on want these unmatched prove our each the create process. great proposition Eesysoft reach our a platform feedback the open tech tech to Learn in adoption strategy, ecosystem. ed ed increases end their our and drives ecosystem that this creates to and the
Sky us organic of well opens this new demonstrate this program with in Thunderbird for and growing remote in enables C&G with same non-traditional the as hybrid a the of for learning both partnerships disproportionate last Catalog, seeking win traction to our Studio quarter to million unique learners market and and new and give platform. Concentric traditional our and the which Canvas growth. $XXX us on share market. as market development our students The up PeopleCert offer drive a in-person, learner exciting opportunities, ability quarter This long-term to non-degree win our
provide along to access that solutions quizzing Certica and complements journey learning assessment a ways standards-based their Canvas. Mastery and progress to native students' the
of we standards, towards This the and it that with provide as align will durable As poised skills outcomes, another growth. market to support from across the we and solutions Sky, competencies Concentric support broad education. our competency-based integrate is them moves credential trend are long-term portfolio
continues focused to efficient, run Finally, Instructure business. an
us our make best-in-class and expand Our long-term platform drive margins investments enable growth. disciplined that to
are ways and drive identify areas lower velocity where efficiency to looking to can expand we We and continue always productivity. increase costs, for
For us adjusted our example, to last increase EBITDA year, our than which investment this our allowed by margins. have and in enabled margins, to turn us improving to improve capacity XX% more continue in sales our while R&D gross infrastructure
expectations are on balance and allow our We can coupled valuation Through both conservative through markets. growth and and additional balance seller continue flow capitalize of platform focus multiple have to M&A. as strong we sheet long-term cash healthy M&A sustainable innovation. continued opportunities organically expand deliver we to our This drive current to confident free with to a to to with and us through avenues adjust continue investment discipline, growth, in profitability our
the help XXXX we the educational platform learning institutions into uniquely new challenges beyond, developers demands. complex believe solve and is Instructure that and the positioned normal Looking to post-COVID
strategy our last in and create work creating will to healthy years the few on We to our over us at business a allow years. expect accelerate growth capitalize coming durable that the opportunities profitable
RFP to need community in the see solutions ways. we We platform education, in for to our these higher share are stakeholders see demands help real in continue activity more in non-traditional competitive More that places them more that a reach meet strong and with more partner looking value U.S. procurements, as they win purpose-built are core us and customers learners. of us more, for of learners they to the in
alongside and with vocational ahead. providers them business ones in to grow us new Our for organizations and another with the provide growing training year the vehicle opportunities
teaching technologies knowing in Our to quality learning K-XX works the customers, and through assessment in what of use classrooms. scaling their help want addition
to exchange of acquisition in as focused It access to safe Elevate the becomes visualization of modern data us of classroom. compelling LearnPlatform. the Our on This with K-XX more products family our future. outcomes. service each students' and And empowering spent Insights to foundational know all gives we only budgets meeting and of are more even the more tech providers value that will half their our enabling become to this in the dollar important the right is market needs ability ed help schools demonstrate other achieving the use
area growth, additional with can add customers are capabilities. the of what knows, strategies our grow they America In them increasingly anchor learning North highest as Canvas and international, their already seeing and teaching
market us direct our segments. breadth the of geographies, invest to XXXX offer positive. signal the channel growth continue opportunity [indiscernible] education drive focused in to in the the us we've position each factors address of earlier, demands. from to growing outlined referenceability in the All international And are for in our our confidence durable as we to our investments us We go-to-market these our and guidance wins give continue made
help to We in transformation. their tech are accelerate positioned uniquely the digital ecosystem ed our customers
your partners, In to ongoing shareholders teaching support. we more our summary, thank Instructure as platform lead I and for I employees most would customers, excited our couldn't into and evolve our be comprehensive like learning to worldwide. the
President enhancing the Before contributions as our we're customer Chief growth I the financial in durability our model. the our Dale will to further our Instructure's several new I the Operating of to turn set the a Chris and the call seeing over on his momentum Ball, write story talk Chris capacity who focus want welcome and business, and to deeply Chris significant continue helped to evolve about ongoing Officer. for results journey, to whole and Frank other also successful mission-driven companies. the of I Chief experienced opportunity in acknowledge is Revenue executive Officer. Maylett want platform and
will Frank that now Chris you we step down Ball As XX, aboard. February effective know, have
a We are transition. be confident there seamless will
to Dale. turn it will I over Now,
