PowerSchool Holdings, Inc. - PWSC STOCK NEWS

PowerSchool (NYSE: PWSC) has promoted Eric Shander to President and CFO, expanding his role to oversee global customer renewals and success. His leadership has significantly benefited the company's finance and operations during his tenure. Additionally, Tony Kender joins as Chief Revenue Officer, bringing over 30 years of experience in applications software and sales leadership. These appointments aim to bolster PowerSchool's growth in the U.S. and international markets, enhancing its cloud-based education technology solutions for over 45 million students globally.

PowerSchool reported a strong third quarter for 2022, with total revenue of $162.4 million, reflecting a 10% year-over-year growth in Subscriptions and Support revenue, which reached $137.1 million. The company achieved an Adjusted EBITDA margin of 32%, exceeding expectations. Annual Recurring Revenue (ARR) increased by 11%, totaling $585.4 million. PowerSchool's Net Revenue Retention Rate (NRR) improved to 108.7%. Additionally, the company raised its full-year revenue guidance, now expecting between $631 million to $634 million.

PowerSchool Holdings, Inc. (NYSE: PWSC) announced that CFO Eric Shander will speak at the RBC Capital Markets Global Technology, Internet, Media, and Telecommunications Conference in New York City on November 16, 2022, at 7:35 a.m. PT (10:35 a.m. ET). A live webcast will be available on PowerSchool’s Investor Relations website, with an archive accessible for 90 days post-event. PowerSchool is known for providing cloud-based software for K-12 education, supporting over 45 million students and more than 15,000 customers globally.

PowerSchool (NYSE: PWSC) has been selected by RDFZ Xishan School in Beijing to implement its Unified Operations Student Information System (SIS) and Enrollment systems. This integration aims to enhance equitable instruction, learning opportunities, and enrollment efforts. RDFZ reports improved efficiencies in administrative tasks and communication through the PowerSchool platform. The school also anticipates better resource allocation due to enhanced enrollment forecasting capabilities. PowerSchool's solutions are designed to streamline complex administrative functions, supporting over 45 million students globally.

PowerSchool (NYSE: PWSC) announces the successful implementation of Unified Talent™ Professional Learning and Employee Records by Fluvanna County Public Schools (FCPS) in Virginia. This integration enhances staff training, onboarding processes, and communication efficiency. The Professional Learning component allows for self-paced development, replacing traditional methods, while Employee Records automates document delivery, improving onboarding efficiency. FCPS serves 3,500 students across five schools, with 550 staff members.

PowerSchool Holdings, Inc. (NYSE: PWSC) will announce its Q3 financial results for the period ending September 30, 2022, on November 7, 2022, post-market close. CEO Hardeep Gulati and CFO Eric Shander will lead a conference call at 2:00 p.m. Pacific Time to discuss the results. Participants can join via PowerSchool's Investor Relations website or dial in using specific phone numbers. PowerSchool aims to leverage unified technology to enhance the education ecosystem, serving over 45 million students and more than 15,000 customers globally.

PowerSchool (NYSE: PWSC) announced that West Oak Lane Charter School in Philadelphia has integrated several of its Unified Classroom solutions, including Special Programs, Behavior Support, Performance Matters, and Ecollect Forms. This collaboration aims to streamline special education processes and enhance student assessments by improving access to student data through a centralized platform. WOLCS has utilized PowerSchool's Student Information System for over a decade and selected these new tools to better manage various educational processes, ensuring a comprehensive approach to student support.

PeopleAdmin, a PowerSchool company (NYSE: PWSC), announced its collaboration with TAMS, developed by Duke University, to streamline faculty assignment processes in higher education. TAMS is already used by over 50 institutions and aims to enhance efficiency by allowing faculty to submit preferences and enabling administrators to optimize assignments. Key benefits include significant budget savings, predictive analytics, and improved faculty engagement. This partnership promises to reduce administrative burdens, allowing educators to focus on student outcomes.