New milestone marks first time that more digital units are sold than print textbooks
For its fiscal year 2016, Cengage Learning reported that digital unit sales outpaced print textbook sales for the first time. For the 12 months ending March 31, 2016, Cengage Learning activated 3.5 million digital student experiences, up 12 percent from the prior year.
"Fiscal 2016 marks an important milestone for Cengage Learning as we transition from a traditional print publisher to a digital education company," said Michael Hansen, Chief Executive Officer at Cengage Learning. "Our financial turnaround is well underway, fueled by significant digital growth over the past...
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