McGraw Hill, a US-based learning company that provides personalized content, software and services for K-12 students, saw strong increases in digital content sales, based on results for the past financial year.
According to a company press release, McGraw Hill recently announced positive results for the fourth quarter and 2021 with double-digit year-over-year growth in digital billings and a 58% increase in billings. inclusive access, according to a press release. Inclusive Access is digital learning material that tends to be more affordable than traditional textbooks.
In fiscal year 2021, more than 1,400 campuses across the United States participated in McGraw Hill programs, up from 1,100 the previous year.
In FY21, students who used McGraw Hill’s digital materials saved more than $150 million, according to the release.
Connect, McGraw Hill’s flagship digital learning platform for higher education, also saw growth in FY21 with a 27% year-over-year increase in student activations at more than 6 million worldwide.
“McGraw Hill’s strong performance during this challenging year reflects our continued commitment to providing the best possible educational materials and experiences for students, whether they are learning in the classroom, remotely through digital platforms, or a combination,” said Simon. Allen, CEO of McGraw Hill. in the release. “Throughout the past year, we have worked hard to successfully meet the increased demand for digital products caused by the pandemic. McGraw Hill continues to adapt to the changing times by providing learning tools that are not only cutting-edge, but also affordable and accessible. “
Throughout this exercise, McGraw Hill has published a series of articles to help students learn remotely:
- Virtual Labs, an online or hybrid lab for college science classes that instructors used to continue their lab classes online during the pandemic.
- ALEKS, the artificial intelligence-based learning and assessment platform for math and chemistry, enabling instructors to teach in a wide range of formats. .
- McGraw Hill Rise, a grades 3-8 assessment to help educators identify and address student learning gaps.