iCollege (ASX:ICT) share price explodes 15% on quarterly update

The iCollege Ltd (ASX: ICT) share price is entering the stratosphere today following the release of its quarterly update. At the time of writing, the education and training solutions company’s shares are fetching for 15 cents, up 15.3%.

How did iCollege perform for Q3?

Investors are driving iCollege shares higher after the company delivered a robust result for the period.

According to its release, iCollege reported a record quarterly revenue of $4.55 million, reflecting a 52% increase on the prior corresponding period (pcp). The outstanding result primarily came from its domestic student business which saw growth for existing qualifications…