• About
  • Privacy Policy
  • Contact
Tech Newsday
  • Security
  • Future of Work
  • Mobility
  • Emerging Tech
  • Today’s News
No Result
View All Result
Tech Newsday
  • Security
  • Future of Work
  • Mobility
  • Emerging Tech
  • Today’s News
No Result
View All Result
Tech Newsday
No Result
View All Result
Home Data & Ananytics

Coursera Exceeds Wall Street’s Expectations For Q2

TND News Desk by TND News Desk
August 5, 2021
in Data & Ananytics
0 0
0

Coursera, an online education technology company, delivered robust results for the second quarter on Tuesday as it said online learning growth will continue beyond the COVID-19 pandemic.

The Company reported revenue of $102.1 million for the second quarter, along with a non-GAAP gross profit of $61.8 million and non-GAAP EPS of -$0.05, above Wall Street estimates of a -$0.11 EPS and revenue estimates of $91.53 million.

Coursera’s consumer sales totaled $62 million in the second quarter as the company added 5 million new registered learners during the quarter, totaling $87 million. Company revenues for the second quarter were $28.2 million, an increase of 69% over 2020.

The company increased the total number of paying corporate customers by 584, an increase of 109% compared to the previous year.

For the third quarter, the company forecasts revenues between $105 million and $109 million, while Coursera forecasts revenues between $402 million and $410 million for the full fiscal year 2021.

Coursera began its first day of trading in March, and the company’s shares opened at $39 apiece, rising 18%, pushing Coursera’s market capitalization to over $5 billion. The IPO was valued at a total of 15.7 million shares at $33 per share, which would have earned the business about $484 million.

Coursera’s prospectus for 2020 showed a turnover of $293 million, an increase of 59% compared to the previous year, with net losses of $66.8 million. The company stated that its total number of registered users had increased by 65% to over 77 million in 2020.

Coursera CEO Jeff Maggioncalda said the second quarter results illustrate “the growing adoption and impact” of the Coursera platform.

For more information, read the original story in ZDNet.

Subscribe

About Tech News Day

In just 10 minutes you will have all your leadership tech news needs covered. Our Editors browse the top tech news sites for you, get rid of the fluff and post summaries of the best. Our content is created by trained professionals and enhanced for IT leaders using leading edge artificial intelligence.

About

Tech Newsday

Tech News Day picks the new, most relevant tech stories.

Our selection is done by industry professionals – executives like you who pick the top stories for that day. Our writers summarize these to give you a quick summary and the key takeaways.

SUBSCRIBE

Categories

  • Artificial Intelligence
  • Auto Tech
  • Blockchain
  • Careers & Education
  • Channel Strategy
  • Cloud
  • Communications & Telecom
  • Companies
  • Data & Ananytics
  • Development
  • Digital Transformation
  • Distribution
  • Diversity & Inclusion
  • eCommerce
  • Emerging Tech
  • End User Hardware
  • Engineering
  • Financial
  • Fintech
  • Future of Work
  • Governance
  • Government & Public Sector
  • Human Resources
  • Infrastructure
  • IoT
  • Leadership
  • Legal
  • Legislation & Regulation
  • Managed Services & Outsourcing
  • Marketing
  • Martech
  • Medical
  • Mobility
  • Not for Profit
  • Open Source
  • Operations
  • People
  • Podcasts
  • Privacy
  • Security
  • Service
  • Smart Home
  • SMB
  • Social Networks
  • Software
  • Supply Chain
  • Sustainability
  • Today's News
  • Top Stories This Week
  • Women in Tech
  • Home
  • Today’s News
  • About
  • Privacy
  • Contact

2022 Tech News Day

No Result
View All Result
  • Security
  • Future of Work
  • Mobility
  • Emerging Tech
  • Today’s News

2022 Tech News Day

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00