OpenLearning Ltd. Reports Strong Q3 Growth
Company Announcements

OpenLearning Ltd. Reports Strong Q3 Growth

OpenLearning Ltd. (AU:OLL) has released an update.

OpenLearning Ltd. reported a robust 19% year-on-year increase in SaaS platform revenue for Q3 2024, driven by global growth and new product launches like Course Magic and The Uni Guide. The company also saw a 15% rise in average revenue per customer thanks to increased utilization of AI tools, while fiscal discipline helped decrease cash outflows by 19%. This marks the 12th consecutive quarter of over 15% annual SaaS ARR growth, highlighting the company’s consistent expansion.

For further insights into AU:OLL stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App