According to a recent report, the global e-learning market is expected to grow at 13% CAGR from $222.2 billion in 2020 through 2026. The industry has benefited in the recent past from the continuing global pandemic and lockdown conditions. Recently, Coursera (NYSE: COUR) announced its fourth-quarter results recording strong growth.

Coursera’s Financials

For the fourth quarter, Coursera’s revenues grew 38% to $115 million. Adjusted net loss was $24.1 million, compared to an adjusted net loss of $21.1 million a year ago.

By segment, consumer revenues grew 24% to $65.8 million, enterprise revenues grew 72% to $35.9 million, and degrees revenues grew 43% to $13.3 million.

For the full fiscal year, Coursera’s revenues grew 41% to $415.3 million, and adjusted net loss was $52.4 million, compared to $49.8 million a year ago.

Coursera forecast revenues of $114-$118 million for the first quarter, and $536-$544 million for the fiscal year. The market forecast revenues of $116.74 million for the first quarter and $538.69 million for the fiscal year.

Coursera’s Expanding Offerings

Recently, Coursera announced its partnership with Juniper Networks. The partnership will allow Juniper Networks to launch its Junos Platform Automation and DevOps Specialization on Coursera. Juniper’s course will provide customers with the knowledge necessary to automate Junos using DevOps tools and the best practices. Learners will have the ability to explore industry-standard tools and languages necessary to manage DevOps and Junos automation, such as Python, PyEZ, and YAML. As part of the partnership, Juniper will release four Specializations on Coursera.

Coursera has been driving growth by driving synergies across its registered learner base. It ended the last quarter with nearly 97 million registered users, adding almost 5 million users per quarter – compare that to the pre-pandemic growth of 2 million users per quarter. Coursera ended the quarter with more than 250 educator partners and over 800 paid enterprise customers at the end of the year.

Coursera believes that its registered users are an important asset to its business. Nearly 50% of its degree course enrollees came directly from this rapidly growing registered user base. In the fourth quarter, 15% of the total leads for sales to its enterprise team were attributed to the registered user base. Besides adding to the sales of the organization, the registered user base is also helping Coursera improve its content. Over time, it has been able to improve assessments and the skill sets being delivered based on learnings that it gathers from this user base. By building on industry partnerships with the likes of Google, Facebook, ServiceNow, Intuit, and now Juniper, Coursera is able to offer these users access to more employment-friendly learning opportunities. The ecosystem works in favor of the industry partners as well, as they not only get certified users of their platform but are also able to generate quality content for their platform.

Coursera went public in March 2021 when it raised $520 million at a valuation of $4.3 billion. Its stock is currently trading at $21.84, with a market capitalization of $3.05 billion. It is still a far cry from the high of $56.45 it had touched in early April last year. It has recovered from the low of $16.32 that it had fallen to in February.