Pearson Sees Q3 Underlying Group Sales Growth Of 5%, Excluding OPM And Strategic Review Businesses; Says On Track To Meet Full-Year Expectations
Benzinga Newsdesk 2 years ago
News
Continued progress on 2024 priorities with good financial and operational performance; all divisions delivered underlying sales growth in Q3; on track to meet full year expectations.
Highlights
- Advancing our 2024 strategic priorities:
- Progressing in Enterprise: signed a new meaningful multi-year enterprise deal with ServiceNow and expanded our partnership with Degreed.
- Scaling AI across our products and services: double-digit year-over-year billings growth in Higher Education products with AI study tools, and developing English Language Learning Teaching Pal to create customised lesson content and activities.
- Underlying Group sales growth1: up 5% in Q3, resulting in 3% growth for the nine-month period, excluding OPM2 and Strategic Review3 businesses.
- Delivered a comprehensive performance: all divisions grew in Q3, including Higher Education.
- On track to meet full-year expectations.