Operating revenue for the second quarter increased 5.0% to $1.2 billion.
âAnother record performance in Financial Services, growth in higher education around the globe, improvement in advertising and effective cost containment were hallmarks of our second-quarter performance,â Harold McGraw III, McGraw-Hillâs chairman-president-CEO, said in a statement.
Revenue for McGraw-Hillâs information and media services unit increased 2.5% to $194.1 million. Operating profit grew 1.6% to $24.8 million.
In the business-to-business group of this unit, which includes BusinessWeek and Aviation Week & Space Technology, revenue increased 2.3% to $166.1 million.