05:31 PM EDT, 06/10/2025 (MT Newswires) -- D2L (DTOL.TO), after trade Tuesday reported earnings per share for the fiscal first quarter that met expectations, even as it missed on revenues, while it maintained its previous financial guidance for the fiscal year ended January 31, 2026.

The distance learning company said income for the quarter was near US$3.3 million, up from near US$0.6 million for the prior-year quarter. Earnings per share were US$0.06 versus US$0.01 for both a year earlier. It met the FactSet forecast for the latest quarter.

Total revenue increased 9% year over year to US$52.8 million from US$48.5 million, but it was below a FactSet forecast of US$53.1 million.

Meanwhile, Constant Currency Revenue increased by 11% year over year and Subscription and support revenue grew 11% year over year to US$47.7 million. Constant Currency Annual Recurring Revenue reached US$206.8 million, up 9% over the prior year.

"We are executing successfully in the current environment, delivering efficient growth and strengthening our fundamentals, as seen in our SaaS revenue growth and further improvements in gross margins and operating leverage this quarter," said chief executive John Baker.

He added: "As organizations navigate the macroeconomic volatility, our modern, AI-first learning platform is an important solution to enhance learner engagement, drive retention, and enable new learning modalities with greater efficiency. We remain focused on balancing near-term performance with strategic investments in platform innovation and market expansion, as we work to become the leader in targeted education markets globally and establish ourselves as the next-generation learning platform for corporate upskilling."

The company's shares closed down $0.12 to $13.18 on the Toronto Stock Exchange.