Sunday, August 15, 2021

Coursera beats Wall Street expectations for Q2, touts future of online learning beyond COVID-19 - Jonathan Greig, ZD Net

Online education technology company Coursera delivered strong Q2 results on Tuesday as the company said online learning growth is becoming structural beyond the COVID-19 pandemic. The company reported a revenue of $102.1 million for Q2 alongside a non-GAAP gross profit of $61.8 million and a non-GAAP EPS of -$0.05. The figures beat Wall Street estimates of a -$0.11 EPS and the revenue estimate of $91.53 million.  "In the second quarter, revenue grew 38% year-over-year with strong momentum across our three-sided learning platform," said Ken Hahn, Coursera's CFO.  "Following our pandemic-related surge in 2020, we believe we are seeing sustained structural demand for online learning as businesses, governments and individual learners seek the skills required to compete in today's economy."

https://www.zdnet.com/article/coursera-beats-wall-street-expectations-for-q2-touts-future-of-online-learning-beyond-covid-19/