Chegg Reports Fourth Quarter and Fiscal Year 2014 Results
finance.yahoo.com
Q4 Digital Revenue Reaches $28.5 Million, Up 71% year-over-year; Major Partnership with Ingram Sets Clear Path To Become a Fully Digital Company
"We set a record in the fourth quarter for members, customers and digital subscribers, and with the planned partnership with Ingram we can complete our transition to digital student hub, where we grow faster, have higher margins and create more value for students and investors," said Dan Rosensweig, chairman and CEO of Chegg. "Chegg's vision has always been to be the leading connected learning platform, and with higher education under well-deserved pressure for the first time in 200 years to produce measurable and positive outcomes for students, we believe our strong brand, technology, and strategy of Putting Students First positions us well to lead a massive market disruption." |
