Welcome to our dedicated page for Instructure Holdings news (Ticker: INST), a resource for investors and traders seeking the latest updates and insights on Instructure Holdings stock.
Instructure Holdings, Inc. (NYSE: INST) is a leading education technology company committed to enhancing student success, empowering teachers, and fostering collaborative learning environments. The company's flagship product, Canvas LMS, is a robust, cloud-based learning management system widely adopted by K-12 schools, higher education institutions, and professional education providers. In addition to Canvas LMS, Instructure's comprehensive suite includes Canvas Studio, Canvas Catalog, Mastery Assessment, and the recently acquired Parchment, among others.
Instructure's mission is to create solutions that amplify the power of teaching and elevate the learning process. The company's open, extendable, and configurable platform is designed to meet the diverse needs of educational institutions globally, improving student outcomes and providing a seamless learning experience.
In recent news, Instructure reported its financial results for the third quarter of 2023, showcasing strong business performance with best-in-class margin and record cash flow. The company also announced its acquisition of Parchment, the world's largest credential management platform. This strategic move is expected to significantly expand Instructure's customer base and open new growth opportunities by integrating digital credentialing into its learning platform.
Instructure's partnerships and integrations further bolster its offerings. Notably, a collaboration with Lucid Software will soon provide all Canvas users access to the Lucid Education Suite, enhancing the collaborative and visual learning experience.
Financially, Instructure continues to demonstrate robust performance and growth. For the full year 2023, the company reported increased revenue and adjusted unlevered free cash flow, driven by strong business execution and strategic acquisitions. Management remains confident in its ability to sustain growth and deliver value to shareholders.
With a focus on innovation and a commitment to education, Instructure is well-positioned to continue leading the edtech industry and support the evolving needs of educators and learners worldwide. For more information, visit www.instructure.com.
Instructure has partnered with Google to enhance Google Classroom through the integration of Elevate Data Sync. This collaboration allows educational institutions using Google Workspace for Education Plus to synchronize course data and rosters, automating class setups without manual input. The integration is available in 15 countries and aims to save time for educators and students. Key features include automatic class creation and updates, supporting various student information systems via OneRoster or CSV files.
Instructure Holdings, Inc. (NYSE: INST) will have CEO Steve Daly present at the Citi Global Technology Conference on September 9, 2022, at 9:45 a.m. ET. The live webcast can be accessed via ir.instructure.com, with an archived replay available for a limited time. Instructure is an education technology company committed to enhancing student success and empowering educators globally.
Instructure has appointed Brian Cully as Senior Vice President of Corporate Development and Justin Beck as Senior Vice President of North America Sales. Cully, with over a decade in investment banking, will focus on mergers and acquisitions strategy, reporting to Chief Strategy Officer Mitch Benson. Beck, formerly from Salesforce.org, will lead North America sales, overseeing a team of over 150. These appointments aim to enhance the Instructure Learning Platform and drive growth in both K-12 and higher education sectors.
Instructure released a study in collaboration with Hanover Research, analyzing the perceptions of 114 higher education students in Louisiana. The research shows a strong emphasis on career readiness, with 79% of respondents prioritizing it as key to success. Hybrid and online learning preferences are growing, with 43% favoring hybrid options. Holistic development is also crucial, with 94% valuing skills like self-discipline and communication. The impacts of COVID-19 on student engagement remain significant, but optimism is rising, with access to technology identified as essential for success.
Instructure announced the renewal of its Ed-Fi Managed Operational Data Store and API Platform Badge for Elevate K-12 Analytics and the Ed-Fi API Provider Badge for Elevate Standards Alignment for another two years. These badges confirm Instructure's status as a trusted data provider in the education sector. The company's Elevate products help educational institutions utilize their data more effectively, leading to improved student outcomes. Instructure continues to collaborate with the Ed-Fi Alliance to enhance educational data interoperability.
Northern Arizona University (NAU) has chosen Canvas as its new learning management system after a comprehensive 10-month evaluation, making it one of the largest public universities in Arizona to adopt this platform. The decision was based on feedback from over 500 stakeholders, highlighting Canvas as the highest-rated option. NAU aims to integrate Canvas into its systems and begin teaching for-credit courses by summer 2023. Instructure, the company behind Canvas, emphasizes the platform's reliability and flexibility to support student success.
Instructure reported a Q2 2022 GAAP revenue of $114.6 million, representing a 22% year-over-year growth, despite an operating loss of $6.6 million. Adjusted EBITDA stood at $39.8 million. The company highlighted ongoing success in its Learning Platform strategy, with significant partnerships and client acquisition including Northern Arizona University and DeKalb County Schools. Looking forward, revenue guidance for Q3 is projected between $118.5 million and $119.5 million, while annual revenue is expected to reach $464.9 million to $468.9 million.
Instructure announced that the Southern University and A&M College System has selected its Canvas LMS for all its campuses, serving over 11,000 students. This decision is based on the successful usage of Canvas at the Southern University Law Center. The transition aims to empower student success and increase accessibility. The SU System is also investing in additional Instructure solutions to enhance learning experiences. Canvas is recognized as a leading learning management system in higher education, known for its mobile accessibility and user-friendly interface.
Instructure has announced the winners of its 2022 Educator of the Year Awards during the InstructureCon 2022 conference. This program recognizes six outstanding educators across North America who have demonstrated exceptional dedication and adaptability in promoting remote learning and supporting student success. The winners range from elementary to university educators, each implementing innovative strategies and technology to enhance learning experiences. Notably, the awards emphasized adaptability in hybrid environments and inclusivity for at-risk students.
The InstructureCon 2022 conference, hosted by Instructure, took place virtually, attracting over 10,000 attendees and providing more than 50 sessions focused on education technology. Keynotes featured Simone Giertz and Adam Grant, offering insights into STEM education and motivation. The event emphasized a personalized learning experience for educators amid ongoing challenges. Future in-person conferences are planned in Denver from July 25-28, 2023. Instructure aims to enhance student success and teaching effectiveness through its platform.
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