New Oriental Education & Technology Group, Inc. (NYSE:EDU) reported Q2 revenue of $869.60 million, a 36.3% increase year over year, surpassing analyst expectations of $814.07 million. The growth was attributed to new business initiatives and e-commerce. Adjusted net income per ADS was $0.29, matching consensus. Operating income turned positive at $21.3 million, and non-GAAP operating margin improved to 5.9%. The company expanded its number of schools and learning centers and saw strong growth in overseas test preparation and consulting businesses. Operating cash flow was positive at $300.6 million, with cash reserves totaling $4.8 billion. The Q3 revenue outlook is set between $1.071 billion and $1.093 billion, well above the analyst consensus of $935.92 million. EDU shares rose 7.7% to $77.57.