AI Credited With Boosting Pearson's Sales Growth [Forbes]
ServiceNow, Inc. (NOW)
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Source: Forbes
NurPhoto via Getty Images Pearson said it's starting to see the commercial benefit of scaling its AI capabilities across its products and services, helping the company to generate stronger sales in the third quarter. The British education company said its overall revenue had risen 4% last quarter, and that it remains on track to meet market expectations of an adjusted operating profit of £598 million ($777 million) for the year. Pearson had reported an adjusted operating profit of £250 million for the first half of 2024. Pearson said its Higher Education division managed to return to growth of 4% last quarter while continuing to see “good engagement” with its AI study tools with over 5 million student interactions in the nine-month period to September. The company extended its AI study tools to more than 90 titles, which has helped to drive double-digit billings growth for those products. Pearson CEO Omar Abbosh said the company is delivering on the three priorities he had id
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