New Oriental Education & Technology (EDU) has released an update.
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New Oriental Education & Technology Group Inc. reported a significant increase in financial performance for the third fiscal quarter of 2024, with total net revenues surging by 60.1% to $1.2 billion, and net income attributable to the company growing by 6.8% to $87.2 million. The company’s educational services, including overseas test preparation and study consulting, as well as domestic test preparation for adults and university students, showed robust growth. New Oriental also expanded its network to 911 schools and learning centers, and continued to invest in technology to enhance its educational offerings.
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