Axel Springer Hopes To Build A New AI-Driven Business

Savvas Learning Company is proud to announce that Savvas PathMaker, its all-in-one digital solution for college and career readiness, has received a Gold Stevie Award in the 23rd annual American Business Awards program. The Stevie judges praised Savvas PathMaker as an “outstanding, future-forward solution that addresses both college and career readiness in a holistic and scalable way.” Designed to offer flexibility for educators and choice for students, Savvas PathMaker delivers a comprehensive catalog of Outlier by Savvas dual-enrollment courses and Savvas CTE career and technical education (CTE) courses that give students the opportunity to discover their passions, develop skills and knowledge, and prepare for the next stage of their life, whether that be college, career, or both. More than 250 judges reviewed approximately 3,600 nominations to select the 2025 Stevie winners.

Fourth Quarter 2022 Summary: Total reported sales of $2.1 billion, up 3% versus the prior year, primarily as a result of higher sales in our B2B distribution division, ODP Business Solutions, offsetting lower sales in our consumer division, Office Depot. Office Depot sales were lower partially driven by 58 fewer retail locations in service compared to the prior year as a result of planned store closures and lower traffic. Consolidated sales results include the favorable impact related to the 53rd week in fourth quarter of 2022 of $128 million. GAAP operating income of $55 million and net income from continuing operations of $36 million, versus $31 million and $32 million, respectively in the prior year. Operating income results include the favorable impact related to the 53rd week in fourth quarter of 2022 of $20 million. Full Year 2022 Summary: Total reported sales of $8.5 billion, flat versus the prior year. Consolidated sales results include the favorable impact related to the 53rd week in 2022 of $128 million. GAAP operating income of $243 million and net income from continuing operations of $178 million, versus $234 million and net income from continuing operations of $187 million, respectively in the prior year. Operating income results include the favorable impact related to the 53rd week in 2022 of $20 million.

The Company reported first quarter 2024 revenue of $3.491 billion, an increase of 10% compared to the first quarter of 2023. First quarter GAAP net income increased 25% to $991 million and GAAP diluted earnings per share increased 28% to $3.16 as higher net income was driven primarily by strong growth in Ratings and Indices, and lower merger-related costs. Excluding the impact of Engineering Solutions (ES), revenue growth would have been 14% year over year. Adjusted net income for the first quarter increased 24% to $1,258 million and adjusted diluted earnings per share increased 27% to $4.01. “S&P Global's first quarter results are a testament to the value we create for our customers around the world, as well as the strength of our global franchise, our world-class team, and our commitment to innovation.