OpenLearning Ltd. (AU:OLL) has released an update.
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OpenLearning Ltd. has achieved an 18% year-on-year growth in its Platform SaaS annual recurring revenue, hitting $2.17 million in Q2 FY24, and launched a new Generative AI product, CourseMagic.ai, which is compatible with other learning management systems. The company has also seen a significant increase in cash receipts and has expanded its global reach with new reseller agreements in the Philippines. This growth and expansion signal OpenLearning’s continued commitment to innovating in the education technology sector.
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