Welcome to our dedicated page for Coursera news (Ticker: COUR), a resource for investors and traders seeking the latest updates and insights on Coursera stock.
Coursera, Inc. (symbol: COUR) is a leading education-focused technology company that revolutionizes the way individuals access university-level education. Founded in 2012 by Stanford Professors Daphne Koller and Andrew Ng, Coursera's mission is to connect millions of learners around the world with the skills and knowledge they need to transform their lives and careers. Headquartered in Mountain View, California, Coursera has garnered support from top venture firms like Kleiner Perkins Caufield & Byers, New Enterprise Associates, GSV Capital, International Finance Corporation, Laureate Education Inc, and Learn Capital.
The company operates a robust online learning platform that merges content, data, and technology, providing a customizable and extensible learning experience. Coursera's platform offers three main segments: Consumer, Enterprise, and Degrees. The Consumer segment caters to individual learners seeking hands-on learning opportunities, valuable job skills, and professional certifications. This segment is the primary revenue generator for the company.
The Enterprise segment serves organizations and enterprises that aim to upskill their workforce, while the Degrees segment partners with top universities to offer accredited online degree programs. Coursera's extensive catalog includes courses from elite institutions and is designed to meet the educational needs of learners at different stages of their careers.
Recently, Coursera has achieved significant milestones, including expanding its partnerships with leading universities and enterprises, enhancing its platform with advanced features like AI-driven personalized learning paths, and launching new courses in emerging fields. The company's financial condition remains robust, supported by consistent revenue growth and strategic investments.
Coursera's impact is far-reaching, providing affordable, accessible, and relevant educational content to learners globally. The platform empowers individuals to achieve their professional goals and helps organizations to build the skills needed for success in the 21st century.
Coursera (NYSE: COUR) announced management participation in two key investor conferences in September 2022. The first is the Citi 2022 Global Technology Conference on
Skillsoft (NYSE: SKIL) has announced a new integration with Coursera (NYSE: COUR) for Business, allowing joint customers to access Coursera's extensive library of over 5,000 courses and more than 10,000 bite-sized Clips directly through Skillsoft Percipio. This partnership aims to simplify learning for enterprises and enhance skilling experiences. According to recent research, 83% of decision-makers prioritize training and development but struggle to find comprehensive programs. The collaboration seeks to address these challenges while bolstering workforce development.
Coursera (NYSE: COUR) announced that CFO Ken Hahn will participate in a fireside chat at the KeyBanc Capital Markets Technology Leadership Forum on August 8, 2022, at 2:30 p.m. MT / 4:30 p.m. ET. The event will be available via a live webcast and on Coursera's Investor Relations website.
As of June 30, 2022, Coursera boasts over 107 million registered learners and partners with more than 275 universities and industry leaders to offer diverse educational content. The company aims to provide universal access to quality learning.
Coursera (NYSE: COUR) reported strong financial results for Q2 2022, with total revenue reaching $124.8 million, a 22% increase year-over-year. Enterprise revenue surged 55% to $43.7 million, driven by increasing demand from businesses and governments. Gross profit improved to $78.4 million, or 62.8% of revenue. However, the net loss widened to $(49.3) million, reflecting a (39.5)% margin. Despite this, operating cash flow turned positive at $0.9 million. The company added 5 million new registered learners, totaling 107 million.
Coursera (NYSE: COUR) will announce its Q2 2022 financial results on July 27, 2022, after U.S. market close. The results will be shared in a press release, followed by an earnings conference call at 2:00 p.m. PT. Investors can access the live webcast on the company's Investor Relations website. Coursera aims to provide universal access to high-quality education, partnering with over 250 institutions, and having 102 million registered learners as of March 31, 2022.
The latest Global Skills Report from Coursera reveals a growing demand for digital and human skills due to economic challenges. U.S. proficiency in technology and data skills is declining, ranking 29th globally, while business skills like leadership improved from 40% to 67% in the last year. Significant state-level disparities were noted, with states like Idaho leading in tech skills. The report emphasizes the need for equitable access to skill-building for disadvantaged groups to foster a competitive workforce.
Coursera (NYSE: COUR) announced that CEO Jeff Maggioncalda and CFO Ken Hahn will participate in a presentation at the 42nd Annual William Blair Growth Stock Conference on June 8, 2022, at 8:00 a.m. CT. A live webcast and archived replay will be accessible on Coursera's Investor Relations website.
Coursera, founded in 2012, partners with over 250 institutions and serves 102 million learners as of March 2022.
Coursera (NYSE: COUR) has announced that its CFO, Ken Hahn, will participate in a virtual fireside chat at the 17th Annual Needham Technology & Media Conference on May 18, 2022, at 10:30 a.m. PT.
Investors can access a live webcast and archived replay of the event through Coursera’s Investor Relations website.
Coursera, launched in 2012, now boasts 102 million registered learners and partners with over 250 institutions to offer a wide range of courses and credentials.
Coursera (NYSE: COUR) has announced the launch of Clips, featuring over 10,000 bite-sized videos aimed at enhancing employee skill development from top companies and universities. By the end of the year, the offering will expand to over 200,000 videos. With Clips, employees can learn valuable skills in under 10 minutes, addressing the challenge of limited time for training. This initiative is designed to improve employee retention and support organizational transformation, with features that allow just-in-time learning within broader courses.
Coursera (NYSE: COUR) reported a strong first quarter for 2022, with revenue increasing by 36% year-over-year to $120.4 million. The gross profit rose to $77.6 million, representing 64.5% of revenue. Despite a net loss of $(38.3) million, the platform registered over 100 million learners. Consumer revenue grew by 31% to $68.1 million, and Enterprise revenue surged 59% to $39.0 million. The company anticipates second quarter revenue between $128 to $132 million.
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