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Cengage Learning reports $81.44 million of operating income for August
By Caroline Salls
Pittsburgh, Oct. 1 - Cengage Learning, Inc. reported $81.44 million of operating income for August on $226.93 million of revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Eastern District of New York.
Net income for the month was $70.29 million.
The company had $414.3 million of cash and cash equivalents as of Aug. 31.
Cengage, a Stamford, Conn.-based provider of teaching, learning and research services for the academic, professional and library markets, filed for bankruptcy on July 2. The Chapter 11 case number is 13-44106.
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