Press Release: Houghton Mifflin Harcourt Reports Significant Revenue Growth in Q2 Earnings Report
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Eric Shuman, Chief Financial Officer of HMH, stated, "The strength of our strategy and execution ability is reflected in our financial performance, which includes double-digit sales growth and approximately 40% new order growth. As the percentage of new orders evolves toward digital, our revenue cycles have naturally extended, and, as a result, we generated a $114 million quarter over quarter increase in deferred revenue."
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