QUOTE AND NEWS
SeekingAlpha  Jul 25  Comment 
Pearson (NYSE:PSO) H1 2014 Earnings Call July 25, 2014 4:00 am ET Executives John Fallon - Chief Executive Officer, Chief Executive of International Education Businesses, Director and Member of Nomination Committee Robin Freestone -...
Wall Street Journal  Jul 25  Comment 
U.K. publisher Pearson swung to a first-half profit, even as sales fell, and confirmed its guidance for the full year.
Financial Times  Jul 25  Comment 
newratings.com  Jul 25  Comment 
LONDON (dpa-AFX) - Pearson plc (PSO, PSON.L) reported a loss before tax of 36 million pounds for the half-year 2014, compared to a loss of 16 million pounds, previous year. Loss for the period from continuing operations widened to 26 million...
SeekingAlpha  Jul 17  Comment 
By Smith On Stocks: My Relationship with R ichard Pearson On July 7, I was one of the subjects of an article that was titled "Behind the Promotion of Northwest Biotherapeutics" which was published on Seeking Alpha by a person named Richard...
DailyFinance  Jul 8  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 07/08/14 -- Pele Mountain Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF) ("Pele") today announced its participation in a panel discussion on sustainable development, held at the Lester B. Pearson Civic Centre in...
Benzinga  Jul 7  Comment 
Shares of Northwest Biotherapeutics (NASDAQ: NWBO) are lower by nearly eight percent after activist investor Richard Pearson released a bearish article on Seeking Alpha stating the stock has been inflated by the company's promotional efforts,...
The Economic Times  Jul 4  Comment 
Already trialled by some of the world’s leading educational institutions, for learners the GSE will provide the answers to many questions
newratings.com  Jul 3  Comment 
As part of our ongoing business development and as confirmed in our previous announcement, we have appointed Michael Cavendish Pearson as non-executive director of the OWG Group. THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE...
The Hindu Business Line  Jun 30  Comment 
Pearson on Monday invested Rs 30 lakh in Sudiksha Knowledge Solutions, the company behind a chain of pre-schools here. Hyderabad-based Sudiksha aims to use the funds to expand its schoo...




 
TOP CONTRIBUTORS

Pearson PLC (NYSE: PSO) is a media and education company. The company delivers content in a range of formats and channels, including books, newspapers and online services. Pearson offers services and content, including test creation, administration and processing, and teacher development and school software.

Pearson's major markets are the United States (59% of sales) and Europe (21% of sales).[1] Pearson consists of three worldwide businesses: Pearson Education, The FT Group and The Penguin Group.[1]

Business Growth

In 2010, Pearson's profit rose 21 percent as the company benefited from investments in emerging markets and digital operations.[2] Sales in 2010 rose 10 percent to 5.66 billion pounds.[2]

Pearson posted double-digit profit growth in all businesses in 2010, led by a 54% increase at the FT Group, which publishes the Financial Times.[2] Digital revenue accounts for 29% of the company’s sales, and emerging markets makes up 10%.[2]

Pearson's strong earnings reflect the growing demand for educational services from emerging economies and in digital formats.

In 2010 Pearson sold its 61% stake in Interactive Data for $3.4 billion and has since used some of the proceeds to expand through acquisitions, focusing on technology and education.[1] In April 2011, the company acquired Schoolnet. During 2010, Pearson acquired Melorio plc and Sistema Educacional Brasileiro.[1]

Trends and Forces

Demand for educational services is growing in emerging markets

Pearson has a growing presence in the world's fast-growing markets: language schools in China, Sistemas and Penguins in Brazil; universities in South Africa, and online tutoring in India.[3]

Pearson is looking to use its recently enlarged education operations in Brazil and China as a template for expansion elsewhere in the world. Pearson plans to add 50 new English-language centers in China over the next few years to the 66 centers and schools already operating under the Wall Street English and Longman English brands.[4]

Brazil has a population of around 203 million, making it the world's fifth most populous country after China, India, the U.S. and Indonesia.[4] Pearson doubled its footprint in the country last year in July with the £326 million ($533.6 million) acquisition of Sistema Educacional Brasileiro's learnings systems business.[4] Under the Sistema deal, Pearson acquired 1,000 private-school customers and 1,000 public-school customers in Brazil, and 100 municipalities.[4]

The rise of e-readers has created new sales channels

Over the last year, a plethora of multi-purpose devices, tablets, and e-readers have come to market. There is now a real consumer demand for high-quality digital reader and learning devices, and Pearson has been highly involved in this digital content revolution.

At Penguin, for example, ebook sales tripled in 2010 (having increased four-fold in 2009) and now represent more than $1 in every $20 of Penguin’s total global sales.[3]

At the Financial Times, digital subscribers reached 200,000 at the end of 2010, and also brought in more print subscribers.[3] The demand for Pearson's combination of ebooks and digital learning platforms – eCollege and MyLabs – has been growing fast, but this past year that pace exploded.[3]

Competition

Pearson is the largest education company in the world by revenue, with annual sales of $5.935 billion. Pearson's largest competitors in education are Apollo Group ($4.468bn in revenue), Benesse Education ($3.338bn in revenue), Kaplan Washington Post ($2,637bn in revenue), and McGraw-Hill ($2.388bn in revenue).[3] Despite the dominance of a few companies in the education space, Pearson competes with many smaller education and information companies, including Blackboard (BBBB) and Scholastic (SCHL). Pearson's top publicly traded competitors include:

References

  1. 1.0 1.1 1.2 1.3 Reuters: PSO
  2. 2.0 2.1 2.2 2.3 Bloomberg: "Pearson 2010 Profit Increases 21% on Emerging Markets, Digital Operations" February 28, 2011
  3. 3.0 3.1 3.2 3.3 3.4 Pearson Annual Report 2010
  4. 4.0 4.1 4.2 4.3 Wall Street Journal: "Pearson to Use Brazil as Education Template" June 3, 2011
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