Pearson 2024 Q1 Trading Update (Unaudited)
Retrieved on:
Friday, April 26, 2024
University, Primary, Secondary, Education, Technology, Professional Services, Publishing, Communications, Training, Software, Artificial Intelligence, Finance, Autumn, Acceleration, Forage, AI, OPM, Partnership, Project Management Institute, Growth, Virtual learning environment, VUE, Assessment, Radiographer, Digital, Language learning, Chi-squared test, Faculty, Higher education, FX, Share repurchase, Student, Government
Pearson VUE won several new contracts, supporting pipeline growth, including university entrance tests in the UK and the teacher licence contract in Georgia.
Key Points:
- Pearson VUE won several new contracts, supporting pipeline growth, including university entrance tests in the UK and the teacher licence contract in Georgia.
- Pearson Test of English declined slightly due to a strong comparator, and we expect performance will ramp through the year.
- Expect growth momentum in the second half of 2024 with the growth of Higher Education and normalised comparators for the assessments businesses.
- As a reminder, there was a weighting of sales to Q1 from Q2 due to the timing of state funding.