New Oriental Education & Technology Group Q2 Earnings Call Highlights

Yang attributed the quarter’s non-GAAP operating margin expansion to “better utilization,” higher operating leverage, cost control, and profit contribution from East Buy. In response to an analyst question, he added that excluding East Buy, the remaining businesses together delivered roughly 300 basis points of year-over-year margin expansion, versus a total non-GAAP operating margin increase of 470 basis points for the group.On a GAAP basis, operating income rose 264.4% to $66.3 million, and net income att ...