Netdragon Websft Stock Price, News & Analysis

On September 29, 2021, NetDragon Websoft Holdings Limited signed a Memorandum of Understanding with Ghana's Ministry of Education to implement a country-wide Blended Learning System. This initiative aims to enhance access to quality education for 9.3 million students in Ghana, regardless of socio-economic background. The partnership will incorporate advanced educational technology, STEM and vocational training centers, and comprehensive teacher training programs. The MOU underscores NetDragon's commitment to bolster Ghana's education system through innovative solutions, ensuring equitable learning opportunities across the nation.

Promethean has solidified its position as a leader in interactive display technology, according to Futuresource Consulting's Q2 2021 report. The demand for interactive displays surged by 26% globally since Q1 2021, driven by the need for remote and hybrid learning due to the pandemic. In the USA, Promethean holds a 17.8% share of the global interactive flat panel display market and a 26% volume share. Anticipated volume growth in the USA is forecasted at 61.4% in 2021. Continued enhancements to the ActivPanel display and related educational tools support this growth.

NetDragon Websoft Holdings Limited announced robust financial performance for H1 2021, achieving RMB 3.4 billion in revenue, marking an 18.9% year-on-year increase. The gaming sector generated RMB 1.8 billion with a 12.2% increase, while education revenue rose 23.7% to RMB 1.4 billion. Operating profit surged 59.2% to RMB 892.1 million. The board authorized a US$300 million share buy-back program and increased dividends by 60%. Net cash reached RMB 4.1 billion, reinforcing confidence in future growth.

NetDragon Websoft Holdings Limited has signed a memorandum of understanding (MOU) with Thailand's Office of the Basic Education Commission to establish English Smart Classroom Labs aimed at enhancing education quality in the country. This initiative supports the Ministry of Education's Education 4.0 strategy, intended to equip Thai students with global competitiveness through advanced technology. NetDragon will provide its education technology products, including the English Galaxy platform and AI-driven tools, to create engaging learning experiences. The partnership aims to bridge the education gap between urban and rural areas.

Promethean, a leading education technology company, will host its annual Tech & Admin Summit on August 19, 2021, from 12:00 – 3:30 p.m. EST. This virtual event aims to support IT professionals and administrators by showcasing how Promethean technology can enhance learning environments. Featuring experts like Joshua Hough and Craig Liggett, the summit will cover strategies for implementing Promethean solutions effectively. Participants will gain access to resources, including the Back to School Guides for administrators and IT professionals.

NetDragon Websoft Holdings Limited (HK Stock Code: 777) announced a strategic memorandum of understanding with Autodesk Software (China) to enhance digital education. This partnership will leverage both companies' technology to build a digital education ecosystem, focusing on 2D and 3D technological advancements for better teaching solutions. They plan to collaborate on philanthropy, particularly in UNESCO's digital education initiatives. NetDragon's education platform already encompasses over 190 countries, with significant user engagement.

Promethean, a leader in education technology, is hosting its fourth annual Camp Promethean on July 16, 2021, from 9:00 a.m. to 7:00 p.m. EDT. This free, virtual event will offer over 50 training sessions aimed at enhancing educators' skills in utilizing Promethean tools effectively. Attendees can customize their schedules to fit their professional growth needs and will receive certificates for attendance. The initiative is part of Promethean's commitment to transforming classrooms into creative environments that promote student achievement.

Promethean, a leader in education technology, has released a study by Forrester Consulting highlighting the benefits of its ActivPanel interactive displays in classrooms. Key findings from 153 participants revealed that 64% experienced increased engagement among students and teachers, while 21% reduced time spent on lesson planning, enhancing productivity. The study indicates a 12% return on investment over five years and suggests a payback period of four years, positioning the ActivPanel as a valuable investment for schools seeking modern educational tools.

NetDragon Websoft Holdings Limited has signed a tripartite memorandum with the University of Belgrade's Teacher Education Faculty and Serbia's Institute for Improvement of Education. The collaboration aims to implement the 'Serbia National Teacher Training Program,' enhancing teachers' skills in the digital age. The program will initially train 4,000 teachers and utilize NetDragon's online platforms for broader reach. This partnership is seen as a significant step in Serbia's educational development and was recognized by Serbian President Aleksandar Vučić, highlighting its importance for national education.