Cengage Learning Holdings II, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 09, 2022 at 07:13 pm EST
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Cengage Learning Holdings II, Inc. reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was USD 384 million compared to USD 389.2 million a year ago. Net income was USD 16.5 million compared to USD 1.3 million a year ago.
For the six months, sales was USD 686.5 million compared to USD 690.8 million a year ago. Net loss was USD 22.4 million compared to USD 21.7 million a year ago.
Cengage Learning Holdings II, Inc. is a global education technology company. The Company is organized into three core business units: Cengage Academic business, Cengage Work business, and Cengage Select. In the Cengage Academic business unit, the Company integrates U.S. Higher Education, International Higher Education and Secondary Education in order to leverage synergies across these businesses that share content, technology platforms and support services. The Cengage Work business unit services the workforce skills market and includes the Companyâs ed2go and Infosec businesses that leverage all the Companyâs relationships, content, and data to drive growth. The Companyâs third core business unit, Cengage Select, consists of four businesses, English language teaching (ELT), Research and Other (Australia K-12 and Milady), each serving select markets and customers. The Company serves the higher education, secondary education, workforce skills, ELT, and research markets around the world.
CENGAGE LEARNING HOLDINGS II, INC. 
