PowerSchool Holdings, Inc. - PWSC STOCK NEWS

PowerSchool (NYSE: PWSC) announced that Anne Arundel County Public Schools (AACPS), the fourth largest school district in Maryland, continues to leverage PowerSchool solutions to digitize its operations. AACPS utilizes 13 PowerSchool solutions, including Unified Classroom and PowerSchool SIS, to enhance performance and operational efficiency. Staff highlighted tools like PowerSchool Performance Matters for tracking student needs and academic achievements. The partnership has streamlined the management of student information and improved overall educational outcomes for over 83,000 students.

PowerSchool (NYSE: PWSC) has announced that GOAL High School in Colorado will implement its integrated solutions, including PowerSchool SIS and PowerSchool Enrollment. This partnership aims to enhance operational efficiency and provide equitable online education for over 5,000 students. GOAL High School emphasized the need for a more user-friendly system, which led them to select PowerSchool's offerings. The collaboration is focused on ensuring digital equity and improving educational experiences for both students and staff.

PowerSchool (NYSE: PWSC) has committed over $820,000 through its Education Fund to support new teachers and fund classroom projects in underserved areas. Launched in July, the fund addresses issues such as teacher shortages and access to educational resources. Partnering with several universities, PowerSchool is aiding 1,740 future teachers. Additionally, a $1.3 million donation to DonorsChoose will improve classroom equity in predominantly Black schools across 10 states, funding 332 educational projects and supporting 231 teachers.

PowerSchool Holdings, NYSE: PWSC, reported strong Q3 2021 results with total revenue of $149 million, reflecting 28.9% year-over-year growth. Subscription and support revenues surged 30.7% to $124.3 million. The company achieved an Annual Recurring Revenue (ARR) of $527.8 million, up 28.5%, with a net revenue retention rate of 105.6%. Despite a net loss of $25.1 million, PowerSchool generated $163.6 million in free cash flow. The outlook for Q4 anticipates revenues between $139 million and $142 million.

PowerSchool Holdings, Inc. (NYSE: PWSC) announced the release date for its third quarter 2021 earnings, set for November 10, 2021, after market close. A conference call will follow at 5:00 p.m. ET to discuss the results. CEO Hardeep Gulati and CFO Eric Shander will also present at the RBC Capital Markets Global Technology Conference on November 16, 2021, and the UBS Global TMT Conference on December 6, 2021. PowerSchool serves over 45 million students globally and is a leader in K-12 cloud-based software.

PowerSchool (NYSE: PWSC) has introduced the Unified Talent™ Human Resources Management System (HRMS) at the AASPA Annual Conference. This innovative solution centralizes HR management for K-12 schools, streamlining tasks like recruitment, onboarding, and performance evaluations. By significantly reducing the time spent on various HR processes, the HRMS aims to enhance teacher support and retention. PowerSchool’s HRMS will be available by year-end, promising a comprehensive solution to the pressing HR challenges faced in the education sector.

PowerSchool Holdings, Inc. (PWSC) reported strong Q2 2021 financial results, showing a 41% increase in total revenue to $145.4 million year-over-year. Subscription and support revenues rose by 37.5% to $121.8 million. Gross profit improved to $85.6 million with a 58.9% margin. The net loss decreased significantly by 79.5% to $2.5 million. Annual recurring revenue (ARR) reached $526.6 million, up 30.7%. PowerSchool is well-positioned with robust customer demand and successful product launches, reinforcing confidence in its financial outlook for 2021 and 2022.

PowerSchool (NYSE: PWSC) has received significant recognition from leading industry award programs for its innovative K-12 education technology. Highlights include a #23 ranking on The Software Report's Top 100 Software Companies and accolades such as CEO Hardeep Gulati being named 2021 EdTech CEO of the Year. Noteworthy awards include Best Administrative Solution and Best College Prep Solution at the EdTech Digest Awards, and two Golds at the Stevie American Business Awards. PowerSchool's solutions aim to enhance student learning outcomes through unified technology.

PowerSchool (NYSE: PWSC) announced that numerous school districts across the U.S., including Lawrence Public Schools and Detroit Public Schools Community District, have adopted its unified solutions for the new school year. PowerSchool supports over 45 million students globally, emphasizing personalized instruction and flexible user experiences for educators. The company aims to enhance engagement through analytics and comprehensive professional development, assisting districts in adapting to various learning methods amidst ongoing challenges in education.