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Updated: 7:41 AM May 12, 2009
Rosetta Stone First Quarter Report
Harrisonburg, Va. Rosetta Stone is reporting its first quarter financial results after becoming a publicly-traded company. Posted: 6:10 PM May 11, 2009Reporter: Garon Wade Email Address: garon.wade@whsv.com |
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Rosetta Stone is reporting its first quarter financial results after becoming a publicly-traded company.
The language learning technology company, based in Harrisonburg, generated $50.3 million in its first quarter.
The United States accounts for 94 percent of its business while international markets account for the remaining six percent.
The company says, even in a challenging economy, it has done well.
"Several of our sales people reported that many people saw our solution as a way to cope with a tougher budget climate in 2009," says CEO Tom Adams.
Rosetta Stone is the first-publicly traded, stand alone, language instruction company.
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