OpenLearning Limited reported an 18% year-on-year increase in Platform SaaS annual recurring revenue to $2.117 million in Q1 FY24, driven by enhanced AI tool usage and significant agreements, including a $1 million deal with Asia Pacific International College. T
The company also achieved a 28% reduction in net operating cash outflows and expanded its market reach by acquiring three Australian higher education marketplaces, enhancing its student acquisition capabilities.
ASX Code: OLL