LONDON, February 28, 2011 /PRNewswire-FirstCall/ -- Pearson, the world's leading learning company, has unveiled full-year results confirming record results with earnings up 19% and operating cash flow surpassing the GBP1 billion mark.
Speaking to online financial broadcaster http://www.cantos.com, Chief Executive Marjorie Scardino attributed the strong performance to digital and emerging market strategies as well as the business mix stating that Pearson is now "far more resilient and far stronger with fundamentally different financial characteristics."
In the same interview Chief Financial Officer Robin Freestone said all the financial performance indicators were going in the right direction, stating that the company would seek to use its strong cash position to continue to provide organic investment, make bolt-on acquisitions and increase the dividend.
As to the outlook, Marjorie Scardino added:
"Our goal has been to keep moving up every year, and that's our goal for 2011."
However she cautioned that the economic environment was variable.
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SOURCE Pearson plc