Penguin’s eBook Sales Grew 128% Over The Last Year

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By Dianna Dilworth Comment

Penguin’s eBook global sales grew 128 percent over the last year, and eBooks now represent 14 percent of the company’s total revenue.

Penguin’s parent company Pearson released these sales figures in its 2011 half year results report. Pearson saw sales up six percent to £2.4 billion with profits up 20 percent to £208 million.

Chief executive Marjorie Scardino released this statement: “Though market conditions are anything but easy, we are sufficiently encouraged by our start to the year to raise both our guidance and our dividend. Structural changes in our industries are gathering pace, but we are confident that we have the strategy, the competitive positions, the investment capacity and the culture to sustain our strong record of performance.”

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