Key Developments For Plato Learning Inc
Plato Learning Inc (TUTR.O) (Consolidated Issue listed on NASDAQ Global Market)
PLATO Learning, Inc. Reaffirms FY 2009 Revenue Outlook; Comments On FY 2009 Earnings Outlook
PLATO Learning, Inc. announced the expectations for fiscal 2009 subscription revenue remain unchanged at low double-digit growth given the nature of subscription revenue recognition, the timing of orders, and the effect of longer subscription contracts on near-term revenue. Profitability for fiscal 2009 remains the Company's goal. The Company reported revenue of $5.36 million in fiscal 2008. According to Reuters Estimates, analysts are expecting the Company to report net profit of $1.09 million for fiscal 2009.
PLATO Learning, Inc. Comments On FY 2009 Revenue Outlook
PLATO Learning, Inc. announced that for fiscal 2009, it expects to achieve high single-digit subscription order and revenue growth. The Company reported revenue of $68.4 million in fiscal 2008. According to Reuters Estimates, analysts are expecting the Company to report revenue of $75 million for fiscal 2009.
PLATO Learning, Inc. Announces Resignation Of Michael Morache As CEO
PLATO Learning, Inc. announced that Michael Morache will step down as CEO at the end of the Company's fiscal year, and that Vincent (Vin) Riera, currently senior vice president, sales and services, will become President and CEO, effective November 1, 2008. Morache will remain at PLATO Learning until the end of the calendar year to facilitate the transition to new leadership.
Texarkana School District (Ark.) Implements PLATO Learning, Inc.'s PLATO Test Packs
PLATO Learning, Inc. announced that the Texarkana School District (Ark.) has implemented PLATO Test Packs with Prescriptions on the PLATO Learning Environment (PLE) and PLATO Exam Intervention for its middle and high school intervention, credit recovery, and acceleration programs.
PLATO Learning, Inc. Announces Agreement With Idaho State Department of Education
PLATO Learning, Inc. announced an agreement with the Idaho State Department of Education to continue its annual statewide agreement. Under the agreement, all K-12 public schools in the state receive access to PLATO Learning licenses for curriculum in language arts, reading, and math courses.
