OCLC 2016-2017 Annual Report Released

OCLC has released its 2016-2017 annual report.

Here's an excerpt:

OCLC's revenues from library services in FY17 increased by $5 million over the prior year as more than 450 libraries worldwide are now using WorldShare Management Services. . . .

Although OCLC's operating results in FY17 reported a loss before portfolio activity, our financial results improved significantly from the previous year, reflecting the impact of higher revenues, completion of facility renovations, and major technology projects, as well as our ongoing efforts to minimize general and administrative cost increases.

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