Ultime notizie per Pearson (NYSE:PSO) Azioni

Pearson

Pearson PLC listed in the U.K., is an educational provider. The company has been divesting non-core businesses such as the Financial Times, The Economist, and publishing house Penguin, and is now focused on being an educational resource and testing provider. While Pearson's primary activity centers on higher education, the firm also operates in providing clinical assessments, professional certification, and testing.

Pearson PLC

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Shares of companies within the broader consumer discretionary sector are trading lower amid overall market weakness on rising yields and trade uncertainty.

Pearson, Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSO#NYSE">PSO</a>) shares are trading higher premarket on Friday after the company disclosed the expansion of its partnership with Amazon Web Services, Inc. <a href="https://www.benzinga.com/pressreleases/25/02/n44034581/pearson-and-aws-announce-collaboration-to-unlock-ai-powered-personalized-learning-for-millions-of-" target="_blank" rel="noreferrer noopener">to accelerate AI-driven learning solutions</a>.
This collaboration seeks to enhance the learning experience for millions worldwide by leveraging cloud and AI tools to personalize education and provide real-time insights.
Through this partnership, AWS and Pearson will work together to drive the adoption of technology-driven education, aiming to make learning more effective, efficient, and accessible.
Pearson plans to expand its use of AWS cloud infrastructure and AI capabilities, including Amazon Bedrock, to further optimize and scale its learning products and services, particularly in higher education.
Additionally, Amazon and AWS will strengthen their partnership with Pearson VUE to expand cloud training and credentialing, helping organizations drive productivity and accelerate innovation.
Pearson CEO&nbsp;Omar Abbosh&nbsp;said,&nbsp;&#8220;As technology transforms the way we learn, improving people&#8217;s ability to learn is vital for an adaptive workforce.&#8221;
&#8221;With the help of AWS, Pearson will be able to get there faster, scale personalized learning, and create more access to AI tools for learners and educators. This partnership brings together two respected and leading companies in the fields of technology and learning.&#8221;
Also, in a separate release, the company reported underlying sales growth&nbsp;of 3% in FY24, excluding OPM&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n44034472/pearson-2024-preliminary-results-unaudited" rel="noreferrer noopener">and the Strategic Review&nbsp;businesses</a>.
Adjusted EPS increased by 7%, while revenue decreased on a Statutory&nbsp;basis.
For 2025, the company expects a positive outlook<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> for&nbsp;2025 in line with market expectations</a>.
Beyond 2025, Pearson expects a mid-single-digit compound annual growth rate (CAGR) in underlying sales, sustained margin improvement with an average increase of 40 basis points per year, and strong free cash flow conversion, averaging <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">between 90% and 100% over the period</a>.
Omar Abbosh, Pearson&#8217;s&nbsp;Chief Executive, said, &#8220;We are pleased to announce our intention to commence a £350m share buyback programme. This initiative underscores our strong cash position and confidence in Pearson&#8217;s future.&#8221;
Price Action: PSO shares are up 0.83% at $17.00 premarket at the last check Friday.
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Photo via Shutterstock.

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Pearson Reports Mixed FY24, Expands Partnership With Amazon

<ul>
<li>Collaboration will enhance learning for millions of people through cloud and AI tools that personalize education and offer real-time insights</li>
<li>Pearson to expand its use of AWS cloud infrastructure and AI capabilities with Amazon Bedrock to further optimize and scale its learning products and services, especially in higher education</li>
<li>Amazon and AWS to extend collaboration with Pearson VUE to scale cloud training and credentialing to help organizations boost productivity and innovate faster</li>
</ul>

AMZN

Pearson And AWS Expand Partnership To Revolutionize AI-Powered Personalized Learning Worldwide

Financial Highlights
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">£m</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">vs 2023</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">£m</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">2023</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Business performance</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Statutory results</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Sales (growth ex. OPM3 and Strategic Review4)</td>
<td colspan="1" rowspan="1">3,552</td>
<td colspan="1" rowspan="1">+3%1</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Sales</td>
<td colspan="1" rowspan="1">3,552</td>
<td colspan="1" rowspan="1">3,674</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted operating profit</td>
<td colspan="1" rowspan="1">600</td>
<td colspan="1" rowspan="1">+10%1</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Operating profit</td>
<td colspan="1" rowspan="1">541</td>
<td colspan="1" rowspan="1">498</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Operating cash flow</td>
<td colspan="1" rowspan="1">662</td>
<td colspan="1" rowspan="1">+£75m</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Profit for the year</td>
<td colspan="1" rowspan="1">435</td>
<td colspan="1" rowspan="1">380</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Free cash flow</td>
<td colspan="1" rowspan="1">490</td>
<td colspan="1" rowspan="1">+£103m</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Net cash generated from operations</td>
<td colspan="1" rowspan="1">811</td>
<td colspan="1" rowspan="1">682</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted earnings per share&nbsp;</td>
<td colspan="1" rowspan="1">62.1p</td>
<td colspan="1" rowspan="1">+7%2</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Basic earnings per share</td>
<td colspan="1" rowspan="1">64.5p</td>
<td colspan="1" rowspan="1">53.1p</td>
</tr>
</tbody>
</table>
</figure>

Pearson 2024 Adj. EPS 62.1p Up From 58.2p YoY, Revenue £3.552B Down From £3.674B YoY

Delivered on financial1 and strategic priorities for 2024. Entering 2025 with continued confidence. New strategic partnership with Microsoft progressing our Enterprise focus and technology transformation.
Highlights
<ul>
<li>Underlying Group sales growth2 of 3% for the full year, excluding OPM3 and the Strategic Review4 businesses.</li>
<li>Group adjusted operating profit of £595-600m at £:$ of 1.28 for the full year, up c.10% on an underlying basis compared to 2023, resulting in a margin of c.16.8% (2023: 15.6%).</li>
<li>Free cash flow conversion in excess of 100%5, ahead of guidance.</li>
<li>Successfully delivered our 2024 strategic priorities with progress in Enterprise and scaling AI across our products and services including the recent launch of an AI powered Digital Language Tutor (<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fplc.pearson.com%2Fen-GB%2Fnews-and-insights%2Fnews%2Fpearson-launches-digital-language-tutor-tackle-workplace-communication&amp;esheet=54180900&amp;newsitemid=20250115045375&amp;lan=en-US&amp;anchor=link+here&amp;index=1&amp;md5=15ec6e52e9310a8f1a5275cc57696219">link here</a>).</li>
<li>New multi-year strategic Enterprise AI partnership with Microsoft (<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fplc.pearson.com%2Fen-GB%2Fnews-and-insights%2Fnews%2Fpearson-and-microsoft-announce-multi-year-partnership-transform-future&amp;esheet=54180900&amp;newsitemid=20250115045375&amp;lan=en-US&amp;anchor=link+here&amp;index=2&amp;md5=f495b76db1391dbcc1f9baa0d8e08565">link here</a>):
<ul>
<li>Extending our commercial relationship with Pearson VUE;</li>
<li>Future collaboration on innovation and joint go-to-market activities, including in AI upskilling; and</li>
<li>Opportunity to enhance our AI and technology capabilities across the business.</li>
</ul>
</li>
</ul>
Omar Abbosh, Pearson's Chief Executive, said:
"I am pleased with the progress Pearson has made in 2024, successfully executing against our financial and strategic priorities. I'm particularly encouraged to see the growing commercial momentum of our AI enhanced offerings and the strategic Enterprise partnerships that we have established, such as the latest with Microsoft. These reflect the strength of our proposition and the opportunities that lie ahead.
The Group is well positioned, with continued confidence, as we look to build on our strategic and operational progress and deliver long-term future value for our shareholders."
Underlying sales growth2 of 3% for 2024, excluding OPM3 and Strategic Review4 businesses; 2% in aggregate

Pearson Trading Update: Delivers 3% Underlying Sales Growth In 2024, Expects £595-600M Operating Profit

<ul>
<li>Both companies are committing to transforming and scaling AI skilling and learning for learners, workers, and employers</li>
<li>Pearson to further benefit from Microsoft Azure Cloud capabilities and AI tools, including rolling out Microsoft 365 Copilot across its workforce</li>
<li>Microsoft to further benefit from Pearson assessment and learning services</li>
</ul>
LONDON and REDMOND, Wash., Jan. 14, 2025 /PRNewswire/ -- <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4340162-1&amp;h=4195775853&amp;u=https%3A%2F%2Fnews.microsoft.com%2F&amp;a=Microsoft+Corp.">Microsoft Corp.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4340162-1&amp;h=3502370856&amp;u=http%3A%2F%2Fplc.pearson.com%2F&amp;a=Pearson">Pearson</a> (FTSE: PSON.L), the world's lifelong learning company, announced a strategic collaboration today to help to address one of the top challenges facing organizations globally: skilling for the era of AI. The partnership will focus on providing employers, workers and learners with new AI-powered products and services to help prepare the current and future workforce across industries for the era of work in an AI driven economy.&nbsp;By combining Pearson's expertise in learning and assessment with Microsoft's cloud and AI technologies, this partnership will play a foundational role in helping organizations realize the full value of AI through reskilling.

MSFT

Pearson And Microsoft Announce Multi-Year Partnership To Transform The Future Of Learning And Work With AI

Continued progress on 2024 priorities with good financial and operational performance; all divisions delivered underlying sales growth in&nbsp;Q3; on track to meet full year expectations.
&nbsp;
Highlights
<ul>
<li>Advancing our 2024 strategic priorities:
<ul>
<li>Progressing in Enterprise: signed a new meaningful multi-year enterprise deal with ServiceNow and expanded our partnership with Degreed.</li>
<li>Scaling AI across our products and services: double-digit year-over-year billings growth in Higher Education products with AI study tools, and developing English Language Learning Teaching Pal to create customised lesson content and activities.</li>
</ul>
</li>
<li>Underlying Group sales growth1: up&nbsp;5%&nbsp;in&nbsp;Q3, resulting in&nbsp;3%&nbsp;growth for the nine-month period, excluding OPM2&nbsp;and Strategic Review3&nbsp;businesses.</li>
<li>Delivered a comprehensive performance: all divisions grew in&nbsp;Q3, including Higher Education.</li>
<li>On track to meet full-year expectations.</li>
</ul>

Pearson Sees Q3 Underlying Group Sales Growth Of 5%, Excluding OPM And Strategic Review Businesses; Says On Track To Meet Full-Year Expectations

Collaboration Focuses On Skills Identification, Development, And Accreditation Using Credly And ServiceNow&#39;s AI-Powered Platform
&nbsp;

Pearson And ServiceNow Partner In Multi-Year Deal To Enhance Workforce Development And Employee Experiences With AI

Pearson (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pso#NYSE">PSO</a>) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company&#39;s changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
As such, the Zacks rating upgrade for Pearson is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
<h2>Most Powerful Force Impacting Stock Prices</h2>
The change in a company&#39;s future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That&#39;s partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company&#39;s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For Pearson, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company&#39;s underlying business. And investors&#39; appreciation of this improving business trend should push the stock higher.
<h2>Harnessing the Power of Earnings Estimate Revisions</h2>
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
<h2>Earnings Estimate Revisions for Pearson</h2>
This education services company and publisher is expected to earn $0.80 per share for the fiscal year ending December 2024, which represents a year-over-year change of 9.6%.
Analysts have been steadily raising their estimates for Pearson. Over the past three months, the Zacks Consensus Estimate for the company has increased 1.9%.
<h2>Bottom Line</h2>
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of &#39;buy&#39; and &#39;sell&#39; ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a &#39;Strong Buy&#39; rating and the next 15% get a &#39;Buy&#39; rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of Pearson to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
<a href="https://www.zacks.com/stock/news/2331638/what-makes-pearson-pso-a-new-buy-stock?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2331638">To read this article on Zacks.com click here.</a>

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What Makes Pearson a New Buy Stock

U.S. stock futures were higher this morning, with the Dow futures gaining around 150 points on Monday.
Shares of Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) fell in today&#8217;s pre-market trading after the company was ordered to pay $495 million in damages in its baby formula case.
Abbott shares lost 6.6% to $98.29 in pre-market trading
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<li>Integra LifeSciences Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IART#NASDAQ">IART</a>) dipped 20.5% to $25.00 in pre-market trading after the company reported second-quarter results and lowered its FY24 outlook.</li>
<li>NewAmsterdam Pharma Company N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAMS#NASDAQ">NAMS</a>) fell 13.8% to $16.26 in pre-market trading as the company announced topline data from pivotal Phase 3 BROOKLYN clinical trial evaluating Obicetrapib in patients wth Heterozygous Familial Hypercholesterolemia.</li>
<li>EZCORP, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZPW#NASDAQ">EZPW</a>) shares declined 8.8% to $9.41 in pre-market trading.</li>
<li>GeoPark Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPRK#NYSE">GPRK</a>) shares fell 6.5% to $9.52 in pre-market trading. GeoPark, last week, issued second quarter operational update.</li>
<li>Immutep Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMP#NASDAQ">IMMP</a>) shares dipped 6.5% to $2.03 in pre-market trading. Immutep, last week, announced successful meeting with the FDA on Phase III design in non-small cell lung cancer.</li>
<li>Iovance Biotherapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IOVA#NASDAQ">IOVA</a>) shares fell 5.4% to $8.75 in pre-market trading.</li>
<li>ICL Group Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICL#NYSE">ICL</a>) shares fell 4.1% to $4.43 in pre-market trading. ICL will release second quarter results before the opening of the TASE market on Wednesday, Aug. 14.</li>
<li>PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) slipped 3% to $126.84 in pre-market trading.</li>
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Pre-Market Outlook

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Citigourp Global Markets 2% Protected Notes Linked To The Djia

Abbott, Integra LifeSciences And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Outlook
2024 Outlook reaffirmed4 
Group underlying sales growth, adjusted operating profit and tax outlook for 2024 remain in line with market expectations. As guided, interest will be c.&pound;45m and free cash flow conversion 95-100%.
In terms of divisional guidance and phasing:
<ul>
<li>Expect improved growth momentum in the second half of 2024 with the growth of Higher Education and normalised comparators for the assessments businesses.</li>
<li>In Assessment &amp; Qualifications, we continue to expect low to mid-single digit sales growth for the year, with sales growth weighted to H2.</li>
<li>In Virtual Schools, we continue to expect sales to decline at a similar rate to 2023, given the previously cited loss of a larger partner school for the 2024/25 academic year. We expect Virtual Schools to return to growth in 2025 and beyond.</li>
<li>In Higher Education, we remain confident we will return to growth in the second half and for the full year. Growth in digital sales will continue to shift revenue recognition from Q3 to Q4.</li>
<li>In English Language Learning, we continue to expect high single digit sales growth and growth weighted to the second half given the outstanding performance in the first half of 2023. The growth will be driven mainly by Institutional, with PTE being flat to down.</li>
<li>In Workforce Skills, we expect to achieve high single digit sales growth.</li>
<li>Every 1c movement in &pound;:$ rate equates to approximately &pound;5m adjusted operating profit impact</li>
</ul>

Pearson Reaffirms 2024 Outlook: Sales Growth, Profit, And Tax In Line With Market Expectations; Expects Free Cash Flow Conversion Of 95-100%

Pearson H1 2024 Adj. EPS 25.6p Flat YoY, Revenue £1.754B Down From £1.879B YoY

Pearson Secures Four-Year Contract To Provide Online Learning And Skills Platform For UK Government

Pearson's Connections Academy Partners With Future Business Leaders Of America To Provide Students With Experiences

<div>Underlying sales growth excluding OPM1&nbsp;and Strategic Review2&nbsp;of&nbsp;3%.</div>
<div>Strong operational progress in all divisions and continued execution momentum across our 2024 strategic priorities.</div>
<div>Continuing to infuse our products with AI and on-track to include AI features in more than 40 Higher Education titles for the Fall semester.</div>
<div>Initial &pound;300m share buyback completed; the previously announced &pound;200m buyback extension has commenced.</div>

Pearson Says It Will See Q1 Underlying Sales Growth Excluding OPM And Strategic Review Of 3%; On Track To Achieve 2024 Guidance With Expected Momentum For 2H

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fplc.pearson.com%2Fen-GB&amp;esheet=53930378&amp;newsitemid=20240415109926&amp;lan=en-US&amp;anchor=Pearson&amp;index=1&amp;md5=8d6d68ade7b2d348ba4bd60026386192">Pearson</a> (FTSE: PSON.L), the world's leading learning company, has been selected by the UK Department for Education's Standards and Testing Agency (STA) to manage the administration, processing and support for all primary school national curriculum assessment (NCA) tests in England.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240415109926/en/">https://www.businesswire.com/news/home/20240415109926/en/</a>
&nbsp;
The contract runs for four years beginning from the academic year 2025/26.
Pearson will deliver services to 16,500+ primary schools across the country for optional end of KS1 national curriculum assessments (NCAs), the end of KS2 national curriculum tests (sometimes known as SATs) and teacher assessments in English writing and science, as well as the phonics screening check.
These assessments measure pupil attainment in England through primary school from Year 1 through to Year 6. STA, an executive agency sponsored by the UK's Department for Education, is responsible for the development and delivery of these tests and assessments.
Sharon Hague, Managing Director for Pearson School Qualifications said: "Pearson has a proven track record of delivering high-volume, quality assessment both in the UK and internationally. We look forward to applying our experience and expertise to the delivery of primary school assessment and to supporting thousands of schools across England to deliver these important tests."
Pearson's services under the contract will include the printing of test papers, all logistics, scanning, marking and data delivery. Additionally, Pearson will provide support via a helpline for schools.

Contracts

Global

Pearson Awarded UK Government Contract For England's National Curriculum Assessment Tests; No Financial Terms Disclosed

As students wrap up the fall semester,&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4050023-1&amp;h=1284648316&amp;u=https%3A%2F%2Fplc.pearson.com%2Fen-GB&amp;a=Pearson" target="_blank">Pearson</a>&nbsp;(FTSE: PSON.L) today announced plans to expand the availability of its generative AI beta to millions of students in leading math, science and business titles. This summer, Pearson became the first major higher education publisher to integrate generative AI study tools into its proprietary academic content.&nbsp;&nbsp;

Pearson to Expand Generative AI to Millions of US College Students

Pearson, Plc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pso#NYSE">PSO</a>) appointed Omar Abbosh as its new Chief Executive Officer and&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/09/n34757159/pearson-appoints-omar-abbosh-as-chief-executive-officer" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Executive Director, effective early 2024.&nbsp;</a>
Omar Abbosh will succeed Andy Bird, who has decided to retire as CEO of Pearson.
Abbosh is the President of&nbsp;Microsoft Corporation&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) Industry Solutions business with direct responsibility for driving sales, service, and solutions across the software giant&#39;s most significant global customers.
Before Microsoft, Abbosh spent three decades at&nbsp;Accenture Plc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acn#NYSE">ACN</a>) in numerous senior leadership roles, including the Chief Executive of the global Communications, Technology, and Media business.&nbsp;
Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/23/03/31432597/pearson-divests-international-online-program-management-business-to-regent" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Pearson Divests International Online Program Management Business To Regent</a>
Abbosh also serves as a member of the Board of&nbsp;Zuora, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zuo#NYSE">ZUO</a>).
Abbosh will get a base salary of &pound;1 million ($1.24 million), Pearson said in a statement.
&quot;We are well positioned for future growth with a clear vision and a strong management team to deliver it. I am confident that Omar has the right skillset and experience to take Pearson forward&quot;, current CEO Bird said.
The latest appointment follows a shareholder revolt over Bird&#39;s pay ($11 million) and amid concerns about the impact of artificial intelligence on the business, according to a&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2023-09-20/education-publisher-pearson-replaces-ceo-andy-bird-with-microsoft-executive?sref=TBDibEcD" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">report&nbsp;</a>by Bloomberg.&nbsp;
Price Action:&nbsp;PSO shares are trading lower by 2.29% to $10.68 premarket on the last check Wednesday.

Small Cap

Media

Pearson Taps Microsoft Veteran Omar Abbosh As Next CEO

The Board of Pearson&nbsp;PLC (FTSE: PSON.L), the world&#39;s leading learning company, today announced the appointment of&nbsp;Omar Abbosh&nbsp;as its new Chief Executive Officer and Executive Director, effective early
The Board of Pearson&nbsp;PLC (FTSE: PSON.L), the world&#39;s leading learning company, today announced the appointment of&nbsp;Omar Abbosh&nbsp;as its new Chief Executive Officer and Executive Director, effective early 2024.&nbsp;Omar Abbosh&nbsp;will succeed&nbsp;Andy Bird, who has decided to retire as CEO of Pearson.&nbsp;
Omar is President of Microsoft&#39;s Industry Solutions business with direct responsibility for driving sales, service, and solutions across Microsoft&#39;s largest global customers. He leads industry and technical business units including strategy, engineering, partnering and sales teams that shape product road maps and strategic campaigns across industries.

Management

Pearson Taps Microsoft's Omar Abbosh as CEO and Director, Effective 2024 as Andy Bird Retires

<a href="https://image-ppubs.uspto.gov/dirsearch-public/print/downloadPdf/11676048" title="https://image-ppubs.uspto.gov/dirsearch-public/print/downloadPdf/11676048">https://image-ppubs.uspto.gov/dirsearch-public/print/downloadPdf/11676048</a>

Tech

Pearson Education Granted U.S. Patent #11676048:  Systems and methods for validation of artificial intelligence models

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Pearson Redefines its Brand to Embrace the Future of Learning

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