Educational technology & telecommunications industry financial performance
Heller Report on Educational Technology Markets, March, 2002
HR/Educational Technology Markets
Educational Technology & Telecommunications Industry Financial
Performance
(Sales and income are in $000) Stock Stock
Price Performance
2/28/02 YTD 2001 Act
Curriculum Content Providers
McGraw-Hill (NYSE-MHP) $65.80 7.9% 4.0%
Scholastic (NASDAQ-SCHL) 50.15 -0.4% 13.6%
John Wiley & Sons (NYSE-JWA) 25.45 10.5% 7.1%
Average $47.13 6.0% 8.2%
Educational Software
Renaissance Learng (NASDAQ-RLRN) $30.85 1.2% -9.4%
Lightspan (NASDAQ-LSPN) 1.20 -13.0% -4.0%
PLATO Learning (NASDAQ-TUTR) 17.96 8.1% 47.0%
Riverdeep (NASDAQ-RVDP) 19.55 16.3% -16.0%
Scientific Learning (NASDAQ-SCL) 1.30 -25.7% -58.5%
Average $14.17 -2.6% -8.2%
Educational Services - K-12
Edison Schools (NADDAQ-EDSN) $12.18 -38.0% -37.6%
Nobel Learning Comm (NSDO-NLC) 5.50 -11.4% 10.4%
Sylvan Learning (NASDAQ-SLVN) 25.70 16.4% 49.0%
Average $14.46 -11.0% 7.3%
Educational Services - Postsec
Apollo Group (NASDAQ-APOL) $48.55 7.9% 37.7%
Career Education (NASDAQ-CECO) 36.99 7.9% 75.2%
Corinthian Collge (NASDAQ-COCO) 45.82 12.1% 7.8%
DeVry (NYSE-DV) 32.38 13.8% -24.6%
Education Mgmt (NASDAQ-EDMC) 39.58 9.2% 1.4%
ITT Educational Serv (NYSE-ESI) 44.05 19.5% 67.6%
Strayer Education (NASDAQ-STRA) 47.98 -1.5% 90.6%
Average 42.19 9.8% 35.5%
e-Learning & Corporate Trng
Click2Learn (NASDAQ-CLKS) $3.92 30.7% -69.2%
Digital Think (NASDAQ-DTHK) 3.85 -64.4% -36.7%
eCollege.com (NASDAQ-ECLG) 2.95 -6.9% -22.0%
Saba(NASDAQ-SABA) 3.84 -26.4% -66.9%
SkillSoft (NASDAQ-SKIL) 21.64 -16.5% 38.2%
SmartForce (NASDAQ-SMTF) 13.75 -44.4% -34.1%
U of Phoenix Onln (NASDAQ-UOPX) (#) 36.68 12.5% 51.6%
Average $12.38 16.5% -19.9%
(Sales and income are in $000) Fourth Quarter
Operating Results
Revenues
2001
Curriculum Content Providers
McGraw-Hill (NYSE-MHP) $1,114,568
Scholastic (NASDAQ-SCHL) 637,200
John Wiley & Sons (NYSE-JWA) 176,201
Average $642,656
Educational Software
Renaissance Learng (NASDAQ-RLRN) $32,956
Lightspan (NASDAQ-LSPN) 14,054
PLATO Learning (NASDAQ-TUTR) 14,047
Riverdeep (NASDAQ-RVDP) 11,872
Scientific Learning (NASDAQ-SCL) 4,074
Average $15,401
Educational Services - K-12
Edison Schools (NADDAQ-EDSN) $133,342
Nobel Learning Comm (NSDO-NLC) 39,892
Sylvan Learning (NASDAQ-SLVN) 137,421
Average $103,552
Educational Services - Postsec
Apollo Group (NASDAQ-APOL) $163,839
Career Education (NASDAQ-CECO) 155,224
Corinthian Collge (NASDAQ-COCO) 81,565
DeVry (NYSE-DV) 166,675
Education Mgmt (NASDAQ-EDMC) 129,490
ITT Educational Serv (NYSE-ESI) 112,042
Strayer Education (NASDAQ-STRA) 27,184
Average $119,431
e-Learning & Corporate Trng
Click2Learn (NASDAQ-CLKS) $11,504
Digital Think (NASDAQ-DTHK) 13,807
eCollege.com (NASDAQ-ECLG) 5,553
Saba(NASDAQ-SABA) 13,519
SkillSoft (NASDAQ-SKIL) 15,223
SmartForce (NASDAQ-SMTF) 65,326
U of Phoenix Onln (NASDAQ-UOPX) (#) 64,340
Average $27,039
(Sales and income are in $000) Fourth Quarter Operating
Results
Revenues
2000 % Chng
Curriculum Content Providers
McGraw-Hill (NYSE-MHP) $1,086,360 2.6%
Scholastic (NASDAQ-SCHL) 668,300 -4.7%
John Wiley & Sons (NYSE-JWA) 160,559 9.7%
Average $638,406 2.6%
Educational Software
Renaissance Learng (NASDAQ-RLRN) $27,442 20.1%
Lightspan (NASDAQ-LSPN) 12,436 13.0%
PLATO Learning (NASDAQ-TUTR) 9,754 44.0%
Riverdeep (NASDAQ-RVDP) 41,255 -71.2%
Scientific Learning (NASDAQ-SCL) 3,637 12.0%
Average $18,905 3.6%
Educational Services - K-12
Edison Schools (NADDAQ-EDSN) $102,000 30.7%
Nobel Learning Comm (NSDO-NLC) 37,673 5.9%
Sylvan Learning (NASDAQ-SLVN) 97,686 40.7%
Average $79,120 25.8%
Educational Services - Postsec
Apollo Group (NASDAQ-APOL) $142,986 14.6%
Career Education (NASDAQ-CECO) 99,136 56.6%
Corinthian Collge (NASDAQ-COCO) 60,768 34.2%
DeVry (NYSE-DV) 145,948 14.2%
Education Mgmt (NASDAQ-EDMC) 103,112 25.6%
ITT Educational Serv (NYSE-ESI) 95,108 17.8%
Strayer Education (NASDAQ-STRA) 22,070 23.2%
Average $95,590 26.6%
e-Learning & Corporate Trng
Click2Learn (NASDAQ-CLKS) $11,194 2.8%
Digital Think (NASDAQ-DTHK) 10,787 28.0%
eCollege.com (NASDAQ-ECLG) 3,780 46.9%
Saba(NASDAQ-SABA) 13,023 3.8%
SkillSoft (NASDAQ-SKIL) 8,034 89.5%
SmartForce (NASDAQ-SMTF) 57,699 13.2%
U of Phoenix Onln (NASDAQ-UOPX) (#) 34,087 88.8%
Average $19,801 39.0%
(Sales and income are in $000) Fourth Quarter Operating
Results
Net Income (*)
2001 2000
Curriculum Content Providers
McGraw-Hill (NYSE-MHP) ($2,845) $106,078
Scholastic (NASDAQ-SCHL) 66,500 56,300
John Wiley & Sons (NYSE-JWA) 17,914 16,945
Average $27,190 $59,774
Educational Software
Renaissance Learng (NASDAQ-RLRN) $8,088 $6,219
Lightspan (NASDAQ-LSPN) (13,536) (18,434)
PLATO Learning (NASDAQ-TUTR) (1,357) (2,351)
Riverdeep (NASDAQ-RVDP) (13,989) (3,147)
Scientific Learning (NASDAQ-SCL) (4,330) (4,835)
Average ($5,025) ($4,510)
Educational Services - K-12
Edison Schools (NADDAQ-EDSN) ($8,260) ($3,191)
Nobel Learning Comm (NSDO-NLC) 945 594
Sylvan Learning (NASDAQ-SLVN) (796) 13,993
Average ($2,704) $3,799
Educational Services - Postsec
Apollo Group (NASDAQ-APOL) $31,668 $24,439
Career Education (NASDAQ-CECO) 19,294 11,894
Corinthian Collge (NASDAQ-COCO) 9,330 6,578
DeVry (NYSE-DV) 18,419 15,722
Education Mgmt (NASDAQ-EDMC) 19,284 14,531
ITT Educational Serv (NYSE-ESI) 14,669 12,173
Strayer Education (NASDAQ-STRA) 6,416 6,895
Average $17,011 $13,176
e-Learning & Corporate Trng
Click2Learn (NASDAQ-CLKS) ($9,078) ($4,758)
Digital Think (NASDAQ-DTHK) (7,846) (11,094)
eCollege.com (NASDAQ-ECLG) (1,249) (5,971)
Saba(NASDAQ-SABA) (6,693) (18,167)
SkillSoft (NASDAQ-SKIL) 926 (3,958)
SmartForce (NASDAQ-SMTF) (205) (1,675)
U of Phoenix Onln (NASDAQ-UOPX) (#) 10,948 5,576
Average ($1,885) ($5,721)
(Sales and income are in $000) Fourth
Quarter
Operating
Results
Net Income Date of
(*)
% Chng Rptd Qtr
Curriculum Content Providers
McGraw-Hill (NYSE-MHP) -102.7% 12/31/01
Scholastic (NASDAQ-SCHL) 18.1% 11/30/01
John Wiley & Sons (NYSE-JWA) 5.7% 10/31/01
Average -20.3%
Educational Software
Renaissance Learng (NASDAQ-RLRN) 30.1% 12/31/01
Lightspan (NASDAQ-LSPN) 26.6% 12/31/01
PLATO Learning (NASDAQ-TUTR) 42.3% 01/31/02
Riverdeep (NASDAQ-RVDP) NM 12/31/01
Scientific Learning (NASDAQ-SCL) 10.4% 12/31/01
Average -11.4%
Educational Services - K-12
Edison Schools (NADDAQ-EDSN) -158.9% 12/31/01
Nobel Learning Comm (NSDO-NLC) 159.1% 12/31/01
Sylvan Learning (NASDAQ-SLVN) -105.7% 12/31/01
Average -35.2%
Educational Services - Postsec
Apollo Group (NASDAQ-APOL) 29.6% 11/30/01
Career Education (NASDAQ-CECO) 62.2% 12/31/01
Corinthian Collge (NASDAQ-COCO) 41.8% 12/31/01
DeVry (NYSE-DV) 17.2% 12/31/01
Education Mgmt (NASDAQ-EDMC) 32.7% 12/31/01
ITT Educational Serv (NYSE-ESI) 20.5% 12/31/01
Strayer Education (NASDAQ-STRA) -6.9% 12/31/01
Average 28.2%
e-Learning & Corporate Trng
Click2Learn (NASDAQ-CLKS) -90.8% 12/31/01
Digital Think (NASDAQ-DTHK) 29.3% 12/31/01
eCollege.com (NASDAQ-ECLG) 79.1% 12/31/01
Saba(NASDAQ-SABA) 63.2% 11/30/01
SkillSoft (NASDAQ-SKIL) 123.4% 01/31/02
SmartForce (NASDAQ-SMTF) 87.8% 12/31/01
U of Phoenix Onln (NASDAQ-UOPX) (#) 96.3% 11/30/01
Average 55.5%
(*)Net income excludes extraordinary items and is from continuing
operations.
(#)UOPX is a Tracking Stock of Apollo Group
Source: Company reports and Deutsche Banc Alex. Brown estimates
COPYRIGHT 2002 Heller Reports, a QED Company
COPYRIGHT 2008 Gale, Cengage Learning
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