Pearson issued their traditional January “trading report,” providing sales highlights in advance of a full annual report on March 5. The pandemic year only reinforced the longstanding trend: Global online learning (18 percent sales growth) was weighed down by declines in US higher ed courseware (with sales falling (12) percent). The businesses most heavily hit by pandemic-related closures, global assessment — which means tests — and international, were down (14) percent and (19) percent respectively. All this added up to a sales decline of (10) percent. While profit results await the annual report, the report says both sales and profit […]
