Welcome to our dedicated page for PowerSchool Holdings news (Ticker: PWSC), a resource for investors and traders seeking the latest updates and insights on PowerSchool Holdings stock.
PowerSchool Holdings, Inc. (PWSC) is a leading provider of cloud-based software dedicated to the K-12 education sector. Serving over 40 million users across the US, Canada, and more than 70 countries, PowerSchool is the most widely-used student information system (SIS). The platform is pivotal in K-12 education, acting as a central hub for educational ecosystems by offering robust features and APIs that enable teachers, parents, students, and administrators to effectively manage school processes and student data.
PowerSchool’s comprehensive suite of tools includes state reporting, compliance management, special education, finance, human resources, talent management, registration, attendance, funding, learning, instruction, grading, college and career readiness, assessments, and analytics. This unified platform streamlines operations, aggregates diverse data sets, and leverages predictive modeling and machine learning to generate valuable insights.
Available on most mobile devices, PowerSchool offers intuitive teacher tools and powerful reporting capabilities, ensuring that educational stakeholders can connect and manage various technologies used in classrooms, schools, and districts seamlessly.
The company’s revenue model is diverse, including subscription services, perpetual software licenses, maintenance and support services, and professional services. Recent achievements and ongoing projects continuously enhance the platform's functionality, ensuring it meets the evolving needs of the K-12 educational landscape.
Stay updated with the latest developments and performance metrics of PowerSchool Holdings, Inc. through regular news updates and reports.
PowerSchool (NYSE: PWSC) announces an expansion of its services with Clark County Public Schools (CCPS) in Winchester, KY, deploying its Unified Talent™ solutions. This suite aims to streamline hiring, onboarding, evaluations, and professional development for educators, enhancing efficiency across departments. By integrating multiple functions, CCPS anticipates a 50% faster hiring process and an 80% reduction in administrative burdens. The district, serving over 5,000 students, looks forward to improved staff retention and increased operational cohesiveness.
PowerSchool Holdings, Inc. (NYSE: PWSC) announced its management will present at three upcoming investor conferences. These include the Jefferies 2022 Software Conference on June 2, 2022, at 1:00 p.m. PT, the Baird 2022 Global Consumer, Technology, and Services Conference on June 8, 2022, at 10:25 a.m. PT, and the William Blair Growth Stock Conference on June 9, 2022, at 8:00 a.m. PT. All presentations will be webcast live, with replays available on PowerSchool’s Investor Relations website.
PowerSchool (NYSE: PWSC) has partnered with Visions In Education Charter School in Carmichael, California, to implement its Naviance platform as the primary solution for college, career, and life readiness (CCLR). This initiative aims to enhance educational resources for over 6,500 students across multiple California counties. Naviance offers essential tools for students to assess their strengths, explore postsecondary options, and stay organized. The partnership addresses previous operational challenges faced by Visions in managing its CCLR program effectively.
PowerSchool (NYSE: PWSC) announced that its Unified Insights platform has won a Cool Tool award in the Best Learning Analytics/Data Mining Solution category at The EdTech Awards 2022 by EdTech Digest. This recognition underscores PowerSchool's commitment to providing innovative, reliable solutions for K-12 education. Unified Insights aggregates data to improve student and administrative outcomes, enhancing accountability and performance tracking. PowerSchool serves over 45 million students globally and partners with more than 14,000 customers.
PowerSchool (NYSE: PWSC) has announced that the Southeastern Career Center (SCC) in Versailles, Indiana, selected its Student Information System (SIS) and Ecollect Forms for the 2022-2023 academic year. This integration aims to improve district performance monitoring, enhance real-time engagement, and streamline digital K-12 form operations. PowerSchool's tools promise better collaboration, communication, and reporting for staff, students, and parents. SCC previously faced operational challenges without an SIS, relying on manual tracking methods.
PowerSchool (NYSE: PWSC) announced the integration of the Danielson Group’s Framework for Teaching into its Unified Talent™ Perform platform. This enhancement streamlines K-12 evaluations, reducing administrative burdens by up to 80% while providing actionable feedback for educators. The integration aims to support personalized professional development, ultimately increasing teacher retention. PowerSchool serves over 45 million students across more than 14,000 customers, including over 90% of the top 100 districts in the U.S.
PowerSchool (NYSE: PWSC) announced that Marple Newtown School District in Pennsylvania has switched to its Schoology Learning platform from Google Classroom. The district reported positive changes in teacher and student engagement, benefitting from features like an intuitive interface for elementary learners and improved standards-based mastery tracking. The district's educators also highlighted enhanced parent engagement and retention of Google-based tools functionality. Additionally, MNSD has added PowerSchool Unified Classroom® Performance Matters to further support academic performance management.
PowerSchool (NYSE: PWSC) announced that Al Ittihad National Private Schools in the UAE will expand their use of PowerSchool's technology, adding eight solutions to streamline data management and enhance decision-making across five schools. These solutions include the PowerSchool Student Information System, Unified Talent Perform, and Unified Classroom Performance Matters. This investment aims to foster improved educational outcomes by providing administrators with better visibility into student data and simplifying workflows.
PowerSchool reported a robust start to 2022 with a first-quarter revenue of $149.6 million, reflecting a 26.6% year-over-year growth. Subscriptions and Support revenue reached $129.8 million, up 25.9%. Despite a net loss of $14.1 million, non-GAAP net income was $31.1 million, showcasing a 20.8% margin. The company’s Annual Recurring Revenue (ARR) grew by 8.6% to $556.7 million. PowerSchool anticipates second-quarter revenue between $154 million and $156 million, and a full-year revenue estimate of $623 million to $627 million.
PowerSchool (NYSE: PWSC) has been awarded three Stevie® Awards at the 20th annual American Business Awards®, including two Gold awards for Best Administrative Solution and Best Education Platform for PK-20, alongside a Silver award for Best PK-12 Personalized Learning Solution. These accolades reflect PowerSchool's commitment to enhancing educational technology and supporting optimal learning environments for over 45 million students globally.
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