January 29, 2022

Cambridge University Press Releases 2019/2020 Annual Report; Sales Up Nearly 3% vs. Previous Year

From the Cambridge U. Press:

A strong performance helped Cambridge University Press to secure an increase in sales during the last year, despite the impact of the global pandemic.

As the Press’s newly-published annual report for 2019/20 shows, nearly 11 months of strong growth were interrupted by the impact of COVID-19 during the last six weeks of the financial year and the subsequent global lockdown of schools and universities.

Despite the disruption to supply and a sharp fall in sales, the Press’s strong pre-pandemic performance was enough for it to end the year with sales up nearly three per cent on the previous year at £336 million [$437.1 million/USD]. Operating profits fell slightly to £23.6 million [$30.7 million/USD], compared to £24.4 [$31.74 million] in 2019.

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About Gary Price

Gary Price (gprice@mediasourceinc.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.