Michael Yu Minghong’s New Report Card

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All right, New Oriental announced the fiscal 2007 Q2 report today. Here is the report. It seems they are doing well. Some highlights include 33% YoY reveneue growth (beat est. 20%). “The growth was mainly driven by the increase in the number of student enrollments in language training and test preparation courses.” 

I imagine people just can not get enough English classes (spoken English, business English, kids English), and all kind of testings (IT, law, graduate school admission, in addition to traditional TOEFL/GRE/ACT/SAT).   

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