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Coursera (NYSE: COUR) has partnered with Microsoft (NASDAQ: MSFT) to launch four new entry-level Professional Certificates aimed at preparing learners for high-demand jobs. The new offerings include IT Support Specialist, Cloud Support Associate, Business Analyst, and Project Manager certificates. These programs do not require a college degree or prior work experience and feature generative AI-specific lessons within the Microsoft 365 product suite.
Microsoft will also award more than 5,000 scholarships by 2025 through a partnership with Women in Cloud, providing access to all Microsoft programs on Coursera. The scholarships, valued at $6,000 each, prioritize women and marginalized communities. Successful certificate holders will receive vouchers for Microsoft certification exams. Enrollment is currently open.
Coursera (NYSE: COUR) has announced participation in two upcoming investor conferences. On May 16, 2024, CFO Ken Hahn will speak at the Needham 19th Annual Technology, Media, & Consumer Conference at 8:45 a.m. PT / 11:45 a.m. ET. CEO Jeff Maggioncalda will present at the William Blair 44th Annual Growth Stock Conference on June 5, 2024, at 6:40 a.m. PT / 9:40 a.m. ET. These sessions will be available via webcast and archived on Coursera's Investor Relations website. The company complies with Regulation FD by disclosing material information through various public channels.
Coursera, Inc. (NYSE: COUR) reported a 15% year-over-year revenue growth, reaching $169.1 million in the first quarter of 2024. The company achieved a gross profit of $89.5 million, with a net loss of $(21.3) million. However, non-GAAP net income was $11.9 million. Coursera added 7 million new registered learners, bringing the total to 148 million. The company's Financial Outlook for the second quarter includes revenue of $162 to $166 million and Adjusted EBITDA in the range of $(2) to $2 million.