New Oriental Education & Technology Group
Q3 2022 Earnings Call
Apr 26, 2022, 8:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good evening and thank you for standing by for New Oriental's FY 2022 third quarter results earnings conference call. [Operator instructions]. I now like to turn the meeting over to your host for today's conference, Ms. Sisi Zhao.
Sisi Zhao -- Director of Investor Relations
Thank you. Hello everyone, and welcome to New Oriental's third fiscal quarter 2022 earnings conference call. Our financial results for the periods were released earlier today and are available on the company's website, as well as on Newswire Services. Today, you will hear from Stephen Yang, executive president and chief financial officer.
After his prepared remarks, Stephen and I will be available to answer your questions. Before we continue, please note that the discussion today will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties.
As such, our results may be materially different from the views expressed today. A number of potential risks and uncertainties are outlined in our public filings with the SEC. New Oriental does not undertake any obligation to update any forward-looking statements, except as required under applicable law. As a reminder, this conference is being recorded.
In addition, a webcast of this conference call will be available on New Oriental's investor relations website at investor.neworiental.org. I will now turn the call over to Mr. Yang. Stephen, please go ahead.
Stephen Yang -- Executive President and Chief Financial Officer
Thank you, Sisi. Hello everyone, and thank you for joining us on the call. Before we begin, I would like to convey our sympathy to all the people who have been impacted by the pandemic, and thank all the healthcare heroes and the local authorities for their hard work and commitment during this difficult time. It's been a while since our last earnings conference calls, and we will like to take the opportunity to extend our gratitude to those who have been supporting and believing in New Oriental.
While our business in the previous quarters was perhaps characterized by the significant cost incurred from cancellation costs, closure of the schools and learning centers, and employee layoffs, as a result of governments policy introduced last year. This quarter was about turning over a new leaf with new and decisive endeavors, innovative business opportunities, as the company embarks on a fresh journey that strive to increase all along development of students. Despite the challenges the company is facing during this restructuring phase, we're pleased to see a promising trend in our key remaining businesses and positive momentum emerging across many of our view initiatives as we announced the latest set of financial results. Our key remaining business have shown remarkable resilience as overseas test prep business and overseas study consulting business recorded a year-over-year revenue growth of about 8% and 26% respectively for the first nine months of the current fiscal year.