Revenue at Scholastic was down in the first quarter but a sharp increase in sales at the company’s educational technology and services division helped offset unfavorable comparisons with last year in which sales of The Hunger Games were still running strong.
Overall, revenue was down to $276.3 million from $293.4 million a year ago. But in the educational technology and services division, which creates and sells digital educational products like Math 180, revenue was $94.8 million, compared to $80 million last year. The division also has a healthy profit margin, $36.2 million this quarter.
Scholastic overall suffered a loss in the first quarter, which the company said is typical as schools are not in session and its profitable book club business generates little revenue. More below.
[Press Release]
SCHOLASTIC REPORTS FISCAL 2014 FIRST QUARTER RESULTS
Robust Sales of New Education Technology Programs as Districts Seek
Common Core-Ready Materials
New York – September 19, 2013 – Scholastic Corporation (NASDAQ: SCHL), the global children’s publishing, education and media company, today reported results for the fiscal 2014 first quarter ended August 31, 2013.
Revenue in the first quarter was $276.3 million, compared to $293.4 million a year ago.  The Company reported first quarter loss per share from continuing operations of $0.94, …read more

Via: Digital Book World