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Educational Technology and Services. Segment revenue in the quarter increased by 17% to $60.9 million, compared to $52.2 million in the prior year period, primarily due to higher sales of educational technology products in the current quarter including System 44®Next Generation, MATH 180, Common Core Code XTM and iReadTM. Segment operating income increased 30% to $6.9 million, compared to $5.3 million in the prior year period, due to higher revenues from higher margin educational technology programs in the current year period.
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- Companies:
- Scholastic Inc.
- Places:
- Asia
- New York City
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