Pearson, the London-based parent of the Financial Times, said Thursday that its financial results for 2011 will be higher than its previous guidance.
Ben Fenton of the Financial Times writes, “It said revenues from digital sources reached about $3bn, while $1bn of sales were generated in emerging markets.
“The key North American education division showed ‘resilience’ that allowed the company to counter the effects of a difficult market, the statement said.
“International education benefited from recent acquisitions in China and Latin America and there was continued growth in the professional education market.
“The company said that the FT group would ‘report good growth despite weak and volatile advertising market conditions.’
“It added: ‘Our digital and subscription-based revenues at both the FT and Mergermarket continued to climb.'”
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