Quarterly Scorecards: Penguin Up a Little (Pearson Ed Up a Lot), S&S Down Pearson is delivering the long-promised strong 2005 increases in sales at the Pearson Education unit. For the first nine months of the year, sales have risen 10 percent in the educational divisional and profits are up 20 percent. At Penguin, sales are up 2 percent so far in the fiscal year though, “with the 2005 publishing schedule weighted more towards the first half, the rate of growth has, as expected, slowed through the year.” (Additionally, fiscal 2004 was a weak year for the trade publisher, with sales […]
