TAL Education Group, a leading smart learning solutions provider in China, reported stellar financial results for the second quarter of fiscal year 2025 ended August 31, 2024. The company's revenue surged by 50.4% year-over-year to $619.4 million, driven by robust growth in its learning services and AI learning device segments.
The company's net income attributable to TAL Education Group jumped 51.5% to $57.4 million, or $0.09 per American Depositary Share (ADS), compared to $37.9 million in the same period last year. On a non-GAAP basis, which excludes share-based compensation expenses, net income attributable to TAL soared 26.4% to $74.3 million, or $0.12 per ADS.
TAL Education Group's President and Chief Financial Officer, Alex Peng, expressed excitement about the company's AI learning device business, stating, "We are excited about the opportunity to provide for our customers more accessibility to quality learning contents through these AI-power devices." The company plans to prudently manage its learning center network while maintaining a focus on offering quality learning experiences both online and offline.
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