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Renaissance earnings down 46 percent

Wisconsin Rapids Even solid revenue growth could not prevent Renaissance Learning, Inc. from posting disappointing earnings during the first quarter of 2006, and as a result the company will drop some unprofitable education software programs, CEO Terrance D. Paul said Tuesday.

Renaissance is a provider of computerized assessment and progress ......

Full article >>> more than 57,000 are using the company's reading products, and more than 24,000 are using its math products.

Excluding AlphaSmart, which Renaissance acquired in 2005, the company's revenues actually declined by 4.8 percent compared to the prior year. AlphaSmart, a developer of hand-held computing devices for use in the classroom, saw its revenues decline by 30 percent compared to its firs......

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Source:wistechnology.com By Joe Vanden Plas 04/19/06


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