New Oriental Education & Technology Group Inc. (EDU) Management on Q1 2021 Results – Earnings Call Transcript

New Oriental Education & Technology Group Inc. (NYSE:EDU) Q1 2021 Results Earnings Conference Call October 13, 2020 8:00 AM ET

Company Participants

Sisi Zhao – Director, Investor Relations

Stephen Yang – Chief Financial Officer

Conference Call Participants

Tian Hou – T.H. Capital

Felix Liu – UBS

Jin Yoon – Newstreet Research

Mark Li – Citi

Alex Xie – Credit Suisse

Sheng Zhong – Morgan Stanley

Lucy Yufrom – Bank of America Securities

Alex Liu – China Renaissance

DS Kim – JPMorgan

Tommy Wong – China Merchant Securities

Liping Zhao – CICC

Operator

Good evening and thank you for standing by for New Oriental’s FY 2021 First Quarter Results Earnings Conference Call. At this time all participants are in a listen-only mode. After managements prepared remarks there will be a question-and-answer session. Today’s conference call is being recorded. If you have any objections, you may disconnect at this time.

I’d now

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Missouri University Of Science And Technology Receives $300 Million Gift, The Largest In Missouri Higher Education History

Missouri University of Science and Technology(Missouri S and T) announced today that it had received a $300 million donation, the largest single gift in the history of Missouri higher education. St. Louis businessman and Missouri S and T alum Fred Kummer and his wife June are giving the money to a foundation they created that will support several initiatives at the university.

The Kummers’ gift will be administered by The Kummer Institute Foundation. Funds from the foundation will support several new initiatives at Missouri S&T, including:

  • A new research and development entity modeled after other university-affiliated centers like the Lawrence Livermore National Laboratory in Livermore, California and the Johns Hopkins Applied Physics Laboratory in Laurel, Maryland. The new organization will be the home to four new research
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The State of AI in Higher Education — Campus Technology

Artificial Intelligence

The State of AI in Higher Education

Both industry and higher ed experts see opportunities and risk, hype and reality with AI for teaching and learning.

Matthew Rascoff, associate vice provost for Digital Education and Innovation at Duke University, views the state of artificial intelligence in education as a proxy for the “promise and perils of ed tech writ large.” As he noted in a recent panel discussion during the 2020 ASU+GSV conference, “On the one hand, you see edX getting more engagement using machine learning-driven nudges in courses, which is pretty amazing. But on the other hand, we have all these concerns about surveillance, bias and privacy when it comes to AI-driven proctoring.”

Rascoff identified “something of a conflict between the way this stuff is built and the way it’s implemented.” In his role at Duke, he noted, “It’s really hard to

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Gutenberg Technology Helps Cengage Accelerate Digital-First Content Disruption in Higher Education

Content Platform Provider Supports eReader capabilities for Cengage Unlimited’s library of 14,000 eTextbooks

Gutenberg Technology (GT), provider of the premier end-to-end content management platform, today announced its partnership with Cengage, an education and technology company and the largest US-based provider of teaching and learning materials for higher education, to bring eTextbooks and study tools to millions of college students across the U.S. GT’s publishing platform, has aided Cengage in rapidly bringing its content library to market, hosting more than 14,000 eTextbooks that are available to Cengage subscribers.

Through this partnership, GT helps support the content engine behind several product offerings within Cengage Unlimited, the first all-access subscription service for the college textbook and course materials market, which has helped more than 2.2 million college students save more than $200 million on textbooks and course materials. Cengage leverages the power of GT’s authoring tool to transform static text, media, and assessments

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Envisioning the Future of Higher Ed in a Post-pandemic World — Campus Technology

Education Trends

Envisioning the Future of Higher Ed in a Post-pandemic World

In a recent ASU+GSV session, five college presidents gave their views of what’s next for higher education.

What does the future of higher education look like? A panel of five university and college presidents offered their crystal-ball visions in a recent session during the recent ASU+GSV Summit, which took place online this week. Moderator Michelle Marx, chancellor of the University of Colorado Denver, asked panelists — each representing a unique higher education model — to look forward five years and beyond.

More Embedded Tech as a Given

For Eloy Oakley, chancellor of California Community Colleges, the largest system of public education in the country with 116 colleges and more than 2 million students, teaching and learning will certainly have more embedded technology. “Prior to the pandemic, we had been in a long and

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GiveGab is Leading Innovation in Education Advancement and Fundraising Technology

Ithaca, NY, Oct. 01, 2020 (GLOBE NEWSWIRE) — GiveGab is leading innovation in advancement for higher education and K-12 schools by providing Giving Day, Crowdfunding, and year-round fundraising technology that is focused on accessibility during a time when virtual engagement is more important than ever.

Despite the uncertainty with fundraising events since the beginning of the COVID-19 pandemic, GiveGab has seen the majority of our higher education Giving Days surpass their results from last year.

“When challenges strike, communities band together, and also entire universities band together in ways they haven’t before, leading them to collaborate and fundraise in different ways.” – Charlie Mulligan, CEO and Co-Founder of GiveGab

The built-in digital engagement tools and live stats on GiveGab’s Giving Day platform have helped drive growth in 2020. So far this year, repeat Higher Education Giving Days run on GiveGab have grown an average of 29.20% year-over-year! Many schools have

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Zovio Inc.: The Future Of Education Technology (NASDAQ:ZVO)

Education is what survives when what has been learned has been forgotten. – B. F. Skinner

Zovio Inc. (NASDAQ:ZVO) is an education technology company that works directly with schools and corporations to create personalized learning solutions. Zovio specializes in developing platforms that leverage data analytics to streamline curated content delivery to students.

Zovio was started in San Diego in 2014 under its original name, Bridgepoint Education. The company has a market cap of roughly $132M, considerably smaller than some of its competitors in the education technology space, like Strategic Education Inc. (NASDAQ:STRA) ($2.3B) or Grand Canyon Education Inc. ($814M) (NASDAQ:LOPE).

Unlike its peers, Zovio has enjoyed a near doubling of its stock price so far this year. From just over $2 per share at the beginning of 2020, ZVO is now trading above $4. The appreciation in price, however, came after a dismal 2019 performance for the stock.

ZVO

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Physical Education Technology Market Next Big Thing | Jawbone, School Specialty, Sony

A new business intelligence report released by HTF MI with title “COVID-19 Outbreak-Global Physical Education Technology Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020” is designed covering micro level of analysis by manufacturers and key business segments. TheCOVID-19 Outbreak-Global Physical Education Technology Market survey analysisoffers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some of the key players profiled in the study are Exergame Fitness, Pebble, Interactive Health Technologies, ASUS, Jawbone, School Specialty, Sony, Sqord, Garmin, Motorola Mobility, Nike, Fitbit, FITSTATS Technologies, Polar Electro, Focused Fitness & Konami.

What’s keeping Exergame Fitness, Pebble, Interactive Health Technologies, ASUS, Jawbone, School Specialty, Sony, Sqord, Garmin, Motorola Mobility, Nike, Fitbit, FITSTATS Technologies, Polar Electro, Focused Fitness & Konami Ahead in the Market? Benchmark yourself with the strategic

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National Science Foundation awards $1.3 million grant to MPC’s Marine Advanced Technology Education Center

The National Science Foundation awarded a four-year, $1.3 million grant to the Marine Advanced Technology Education Center at Monterey Peninsula College to support community college students to participate in its global underwater robotics competition.



Engineer Bob Tauscher and middle school teacher Paul Aunspaugh participate in the Marine Advanced Technology Education (MATE) Center at Monterey Peninsula College pool in 2012.  (Monterey Herald file)


© Provided by Monterey Herald
Engineer Bob Tauscher and middle school teacher Paul Aunspaugh participate in the Marine Advanced Technology Education (MATE) Center at Monterey Peninsula College pool in 2012. (Monterey Herald file)

The center was established at MPC in 1997 with funding from the National Science Foundation. The Remote Operated Vehicle Competition was created as a core part of the center’s mission to educate and prepare students for the technical workforce. Remotely operated vehicles, or ROVs, are used in a variety of underwater activities including construction and inspection, search and recovery, energy operations, aquaculture, national defense, conservation, and research and exploration by scientists such as those at the Monterey Bay Aquarium Research Institute.

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CNA’s Benjamin Trisk on education, technology and retail



a man standing in front of a store


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The consortium of investors – including ex-Exclusive Books CEO Benjamin Trisk – that bought the CNA stationery chain from its parent company Edcon in February this year, inked the deal just days before the Covid-19 lockdown commenced.

Trisk, who has taken the reins as CEO of the business, which currently operates 165 stores, gave this wide-ranging interview to The Reading List’s Ben Williams. Learn how Trisk intends to future-proof the business – while also injecting some bookselling flair into its branches – by emphasising education and technology.

***

Ben Williams:  My first question is really the same as your friend at the gym who asked, when you told him you were buying CNA, “Are you mad?” I’ll take that the answer is “no”, but what was it like to close the deal

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