Pearson financial report reveals shift to digital services

Summary:The company that is known for old-fashioned textbook publishing is moving into the digital realm.

Flickr / Brad Flickinger

The company that is known for old-fashioned textbook publishing is moving into the digital realm. Pearson's 2011 financial report, which was released Monday, shows an 18 percent increase in revenue from digital products and services. The amount, which totaled over $3 billion, represented a third of the company's total sales for last year.

The rise of tablet computers and e-books has fueled educational innovations that expand the classroom outside traditional textbook learning, and Pearson has responded to this in several ways. In the past year the company has joined forces with Apple to provide e-textbooks, invested in online educational enterprises, and purchased software that improves individual student instruction by helping teachers track pupils.

Company leadership has certainly not shied from this shift towards technology, as was evident when Pearson CEO Marjorie Scardino described her company as a "digital and services company." Looking ahead to the future, Scardino implied that these statistics only represent the tip of the iceberg. "I wouldn't be surprised if in not so many years from now, Pearson is a company that delivers most of what it does on screens," she said.

[via EdWeek]

Related on SmartPlanet:

This post was originally published on

Topics: Innovation


Contributing Editor Jenny Wilson is a freelance journalist based in Chicago. She has written for and Swimming World Magazine and served stints at The American Prospect and The Atlantic Monthly magazines. She is currently pursuing a degree from Northwestern University's Medill School of Journalism. Follow her on Twitter. Full Bio

Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.