OCLC Publishes FY15 Annual Report

The OCLC FY2015 annual report is titled, Moving Forward With Purpose.
Direct to Full Text Report (Web Version)
Direct to Full Text Report (34 pages; PDF Version)
From an Introductory Letter by OCLC CEO, Skip Prichard:

OCLC has the healthy financial position necessary to make these kinds of breakthroughs. We manage our resources and investments with a long-term outlook to best meet our members’ current needs while investing for the future. As a not-for-profit cooperative, we employ a cost-sharing philosophy. We strive to achieve an operating income over time that is a modest 2–4% of revenues. In FY2015, for the sixth straight year, we realized a negative return on our operations. We are able to offset this deficit with interest income and strong capital gains from our investment portfolio. But we have also taken steps to ensure that our operating expenditures are aligned with those areas that our members care most about. Over the coming year we will be making significant capital investments in our technology infrastructure to advance the delivery of our cloud-based services. This will ensure that OCLC is prepared to meet member needs well into the future.

Selected OCLC Facts and Stats Found in the Report

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