Cengage Learning Holdings II, Inc., together with its subsidiaries, operates as an education technology company worldwide. The company operates through three segments: Cengage Academic, Cengage Work, and Cengage Select. It offers eTextbooks; Cengage Unlimited, a subscription service for digital higher education materials; eTextbook subscription service; Cengage Infuse, an embedded course kit with a user experience for instructors; print textbooks, study guides, laboratory exercises, instructor editions, and supplemental products; and course and custom content development, and direct assistance to instructors and students for implementation and ongoing use of digital and print solutions. The company also provides various platforms, such as MindTap for as business and economics, social sciences, trades, and skills; WebAssign for mathematics and physics; Skills Assessment Manager for introductory computing; Cengage NOW for accounting; and Online Web-Based Learning for such as chemistry. In addition, it offers ed2go, an online learning platform; K-12, public, and academic libraries under the Gale brand, as well as licenses its proprietary and third-party content for integration with web-based information providers; English language curriculum and digital solutions under the NGL brand; educational resources for career-focused beauty and wellness education providers; and literacy materials to K-6 students under the Nelson brand. Further, the company Infosec, a cybersecurity education platform comprising Bootcamps, which provides instructor-led, digital course experiences for cybersecurity certifications or skill sets; Infosec Skills that offers training for reskilling and upskilling in the cybersecurity profession; and Infosec IQ, which offers security awareness training for non-technical learners to recognize, avoid, and report cyber-attacks and security incidents. The company was founded in 1903 and is headquartered in Boston, Massachusetts.

Cengage Learning Holdings II, Inc.

Gale, part of Cengage Group

ed2go

Cengage Higher Education

Cengage Brasil

Cengage Latinoamérica

Cengage, Higher Education, Canada

Ready to Hire

Cengage Work

Thorndike Press from Gale

With more than 100 years serving learners, Cengage Group is a global edtech company that enables student choice. No matter how, where, when or why someone wants to learn, our portfolio of education businesses supports all students, from middle school through graduate school and skills education, with quality content and technology. Collectively, our three business units – Cengage Academic, Cengage Work and Cengage Select – help millions of students each year in more than 125 countries achieve their education and career goals and lead choice-filled lives.

Cengage Group

This month we continued our EDUCATION EMPOWERS series with Jessika Ward whose passion for cosmetology was ignited while working as a journalist at a television station.

Today we are sharing the third and final piece of her story. Watch the video to learn how pursuing a vocational education provided her with hands-on experiences and practical knowledge that directly translated into her future career. Learn even more in the blog: https://lnkd.in/ePKQR-GM

Thanks for following along, be sure to tune back in on 3/14, when we will introduce our next student story. #educationempowers #employability #skillsdevelopment

According to our 2022 Employability Report, 3 in 4 (75%) businesses offer employer-paid or employer-sponsored education opportunities with 3 in 5 (61%) providing online education programs.

By providing workers with various learning paths, employers ensure workers have access to continuous learning programs that help them confidently work alongside AI and continue building the future of work. Rya Conrad-Bradshaw, our VP of Corporate Markets, wrote for BenefitsPRO about how employers can maintain a competitive workforce with these strategies: https://lnkd.in/eDaxXjcM
#FutureOfWork #AI #Upskilling

Last week, our National Geographic Learning team partnered with Arab Gulf Education to host inspiring events centered around Sustainability in Education for K12 educators in Dubai and Doha. Together, they delved into critical topics such as integrating sustainability into curriculum, bridging the gap between cutting-edge science and classroom education and igniting change to shape a sustainable future.

The events featured engaging speakers, captivating talks with National Geographic Explorers and interactive experiments that brought the subject matter to life. Charlotte Ellis, Head of Strategic & Digital Marketing - EMEA ELT, expressed her enthusiasm, stating, “once again we have all come away empowered with new knowledge and a fresh impetus to have a positive impact on our communities and the environment.” #globaleducation #edtech #sustainability

The spring semester is in full swing, and our employees have been actively traveling to college campuses making sure students start strong.

Recently, Emma Bradford visited the Metropolitan State University of Denver where she enjoyed helping professors and students get set up for the semester. She noted that, “by the end of the day I was seeing some of the same students for a second or third time, they appreciated the convenience of having so many of their classes were all on one platform.”

Bridget (Lavin) Hales and Lindsay K.. worked with over 50 instructors and teaching assistants at Virginia Tech. Through informative sessions and valuable discussions, they provided guidance and shared best practices to ensure a successful start to the semester. Bridget expressed confidence in the preparedness of those they met, leaving campus with a sense of fulfillment.

Melanie Kinzie traveled to the University of the Incarnate Word San Antonio where “several students and instructors expressed their gratitude, as I was the only publisher on campus who could provide in-person help.”

Even a snowstorm couldn’t deter Amanda Carr and Bridget Gerrety from supporting students at Columbia University in New York. Their dedication shone through as they braved the weather to assist students, ensuring a smooth transition into the semester.

Elizabeth Kline Metzger and her team made a significant impact by helping over 450 students at the University of Kentucky activate their courses on MindTap. Elizabeth shared her excitement about the energy she felt from a room packed full of students who were ready to successfully take on their new classes. #edtech #highered #customerengagement

In today's fast-paced world, maintaining a healthy work-life balance is more critical than ever. At Cengage Group, we provide employees with a company-wide Wellness Week off at the end of the year to prioritize their overall well-being. Our CTO, Jim Chilton shared his thoughts on achieving a work-life balance. 
#WorkLifeBalance #EmployeeExperience #Leadership

Last week, we introduced Jessika Ward, as part of our EDUCATION EMPOWERS series, which highlights stories from students and educators across our businesses. While working at a television station, Jessika discovered that there was a lack of hair stylists specializing in black hair. This eye-opening experience, combined with an opportunity to cover a story on black hair, ignited Jessika's interest in the world of cosmetology.

The decision to return to school and explore something different, was not easy, however Milady’s digital resources made learning engaging and enjoyable. Watch the video to learn more. 

Tune back in on 1/25 for the third and final part of Jessika’s story where she shared how her vocational education instilled in her a sense of confidence. #educationempowers #vocationaleducation #careerdevelopment

As the skills gap continues to impact the workforce, we may see increased collaboration between companies and schools in 2024. Since our 2023 Graduate Employability Report found that only 41% of graduates said their program taught them skills needed for their first job, investing in closing the skills gap is imperative for businesses. Learn more in this Forbes piece: https://lnkd.in/eF9jg8MY
#SkillsGap #Trends #Workforce

Last year we had the opportunity to talk with some of our employees about what makes our culture unique. Built on transparency, empowerment and support, we believe our culture is what differentiates us as a company.

We are grateful to all our employees who candidly and authentically share their experiences, contributing to our recognition as a Best Place to Work by Glassdoor for the third time in five years. “I want to extend a sincere thank you to all our employees and the Cengage alumni who shared their experiences on Glassdoor this year. This recognition reflects the culture we have cultivated, together.” - Michael Hansen, CEO

#glassdoorbptw #employeeexperience #workplaceculture

Our survey found that 89% of people say they’ve left their jobs in the past two years due to burnout and unequal labor. Focusing on things that individuals can control, like your communities, workplaces, and homes, can help create wide-scale change. Learn more in this Thrive Global piece from Jen Fisher 🦋: https://lnkd.in/ePYg_kNT
#Sustainability #Burnout #Community

We are proud to announce that we've been named a 2024 Best Place to Work by the Glassdoor Employees' Choice Awards! We're listed as one of the top 100 large U.S. companies & earned this recognition based on input of current & former employees.

This is the third time in five years that we’ve received this recognition thanks to our more than 4,500 global employees who candidly shared their experiences. 

Read more from our CEO, Michael Hansen, and CPO, Jeri Herman, in our press release: https://lnkd.in/ePgcqdeu

#glassdoorbptw #employeeexperience #employeeappreciation

	Jun '22	Sep '22	Dec '22	Mar '23	Jun '23	Sep '23	Dec '23	Mar '24
revenue	302.50M -	384M 26.94%	376.30M 2.01%	360.70M 4.15%	325.60M 9.73%	427.60M 31.33%	365.10M 14.62%	384.40M 5.29%
cost of revenue	189.40M -	213M 12.46%	211.70M 0.61%	206.40M 2.50%	199.70M 3.25%	221.80M 11.07%	201.80M 9.02%	206.80M 2.48%
gross profit	113.10M -	171M 51.19%	164.60M 3.74%	154.30M 6.26%	125.90M 18.41%	205.80M 63.46%	163.30M 20.65%	177.60M 8.76%
selling and marketing expenses
general and administrative expenses
selling general and administrative expenses	108M -	106.30M 1.57%	111M 4.42%	113.70M 2.43%	112.50M 1.06%	132.10M 17.42%	147.10M 11.36%	134.20M 8.77%
research and development expenses
other expenses
cost and expenses	297.40M -	319.30M 7.36%	322.70M 1.06%	320.10M 0.81%	312.20M 2.47%	353.90M 13.36%	348.90M 1.41%	341M 2.26%
operating expenses	108M -	106.30M 1.57%	111M 4.42%	113.70M 2.43%	112.50M 1.06%	132.10M 17.42%	147.10M 11.36%	134.20M 8.77%
interest expense	40.80M -	47.80M 17.16%	47.80M 0%	53.60M 12.13%	52.20M 2.61%	45.30M 13.22%	45.30M 0%	43.60M 3.75%
ebitda	60.60M -	123.70M 104.13%	110.80M 10.43%	90.60M 18.23%	66.80M 26.27%	131.30M 96.56%	68.20M 48.06%	94.60M 38.71%
operating income	5.10M -	64.70M 1,168.63%	53.60M 17.16%	40.60M 24.25%	13.40M 67.00%	73.70M 450%	16.20M 78.02%	43.40M 167.90%
depreciation and amortization	55.50M -	59M 6.31%	57.20M 3.05%	50M 12.59%	53.40M 6.80%	57.60M 7.87%	52M 9.72%	51.20M 1.54%
total other income expenses net	-40.80M -	-45.80M 12.25%	-58.10M 26.86%	-52.60M 9.47%	-48.40M 7.98%	-49.40M 2.07%	-54.90M 11.13%	-64.30M 17.12%
income before tax	-35.70M -	18.90M 152.94%	-4.50M 123.81%	-12M 166.67%	-35M 191.67%	24.30M 169.43%	-38.70M 259.26%	-20.90M 45.99%
income tax expense	3.20M -	2.40M 25%	1.40M 41.67%	-100K 107.14%	400K 500%	2.40M 500%	3.30M 37.50%	4.50M 36.36%
net income	-38.90M -	16.50M 142.42%	-5.90M 135.76%	-11.90M 101.69%	-35.40M 197.48%	21.90M 161.86%	-42M 291.78%	-25.40M 39.52%
weighted average shs out	62.30M -	62.30M 0%	62.30M 0%	62.40M 0.16%	62.40M 0%	62.50M 0.16%	62.50M 0%
weighted average shs out dil	62.30M -	62.30M 0%	62.30M 0%	62.40M 0.16%	62.40M 0%	62.50M 0.16%	62.50M 0%
eps	-0.62 -	0.26 141.94%	-0.09 136.42%	-0.19 100.63%	-0.57 200.00%	0.35 161.40%	-0.67 291.43%	-0.41 38.81%
epsdiluted	-0.62 -	0.26 141.94%	-0.09 136.42%	-0.19 100.63%	-0.57 200.00%	0.35 161.40%	-0.67 291.43%	-0.41 38.81%

CNGO

COM:CENGAGEGROUP

Cengage Group

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30/05 16:39

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