Cengage Learning Holdings Ii, Inc. Reports Earnings Results for the First Quarter Ended June 30, 2020
August 12, 2020
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Cengage Learning Holdings II, Inc. announced earnings results for the first quarter ended June 30, 2020. For the first quarter, the company announced sales was USD 238.2 million compared to USD 282.6 million a year ago. Operating loss was USD 21 million compared to USD 41.3 million a year ago. Net loss was USD 61.1 million compared to USD 65.8 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. 