Renaissance Learning, Inc. Announces First Quarter, 2011 Results - EPS of $0.19

Renaissance Learning, Inc. RLRN, a leading provider of technology-based school improvement and student assessment programs for K12 schools, today announced financial results for the quarter ended March 31, 2011. Revenues for the first quarter of 2011 were $33.5 million, an increase of 4.1% from first quarter 2010 revenues of $32.2 million. Net income was $5.5 million, or $0.19 per share, a decrease of 5.0 % from first quarter 2010 income of $5.8 million, or $0.20 per share. First quarter 2010 net income included a tax benefit resulting from a state audit settlement of $1.1 million, or $0.04 per share. Excluding the tax benefit in last year's results, year over year net income per share for the quarter increased by $0.03.