Fourth Quarter Fiscal Year 2021 Financial Highlights *Adobe achieved record revenue of $4.11 billion in its fourth quarter of fiscal year 2021, which represents 20 percent year-over-year growth. Diluted earnings per share was $2.57 on a GAAP basis and $3.20 on a non-GAAP basis. *Digital Media segment revenue was $3.01 billion, which represents 21 percent year-over-year growth. Creative revenue grew to $2.48 billion, representing 19 percent year-over-year growth. Document Cloud revenue was $532 million, representing 29 percent year-over-year growth. *Digital Media Annualized Recurring Revenue (“ARR”) increased $571 million quarter over quarter to $12.24 billion exiting the quarter, including the addition of enterprise ARR of Frame.io, which closed on October 7, 2021. Creative ARR grew to $10.30 billion. Total enterprise ARR for Frame.io, including business closed by Adobe, exiting the quarter was approximately $29 million. Document Cloud ARR grew to $1.93 billion. *Digital Experience segment revenue was $1.01 billion, representing 23 percent year-over-year growth. Digital Experience subscription revenue was $886 million, representing 27 percent year-over-year growth. *GAAP operating income in the fourth quarter was $1.50 billion.
Learning technology company HMH (HMH) today announced that the South Carolina Department of Education (SCDE) has approved HMH Into Reading™ as a curriculum option for the K-5 Palmetto Literacy Project (PLP) Schools. The K–5 Palmetto Literacy Project schools are a group of 265 schools across the state with a special focus on ensuring all students are reading on grade level. PLP schools will have the ability to purchase the recommended literacy programs using Elementary and Secondary School Emergency Relief (ESSER) funds to implement in 2022.
The PLP review committee found that Into Reading is grounded in science of reading research and shows strong alignment to the five essential science of reading concepts, including phonemic awareness, phonics, fluency, vocabulary and comprehension. The review also showed that Into Reading’s instructional design aligns with Scarborough’s Reading Rope and has explicit, research-based foundational skills instruction that integrate listening, speaking, reading and writing.
“We are thrilled that our connected literacy solution, Into Reading, has been selected for the K-5 Palmetto Literacy Project list of recommended ELA curriculum,” said Jim O’Neill, general manager, Core Solutions, HMH. “We know that what teachers need now are research-backed solutions to address the current moment, as the pandemic has widened the range of student achievement levels, even within one classroom — Into Reading reflects that comprehensive, connected approach.”
In addition, Into Reading was found to meet the requirement that all literacy programs should include formative and summative assessments to identify each student’s instructional needs, and instruction should align with the skill levels appropriate for those needs.
more at: https://www.hmhco.com/about-us/press-releases/south-carolina-department-of-education-selects-hmhs-into-reading-for-k-5-palmetto-literacy-project-schools