Annual Report of OCLC 2016-2017

//Annual Report of OCLC 2016-2017

Annual Report of OCLC 2016-2017

2016-2017 OCLC Annual Report: http://www.oclc.org/en/annual-report/2017/home.html

“What started in 1967 as a dream for a few academic libraries in Ohio is now a reality for thousands of libraries worldwide and the millions of people we serve.

As a nonprofit global library corporation, our goal is to achieve an operating income over time that ranges between 2% and 4% of revenues. This approach ensures that OCLC remains financially sound and can make ongoing investments in technology, research, and development required to meet the needs of our membership. Historically, we have achieved this goal through revenues in line with the cost to deliver services, plus interest and dividend income from our investment portfolio.

As noted in last year’s report, OCLC has operated at a loss due to restrained price increases combined with heavy strategic investment into new services, as well as technology upgrades, facility renovations, and a staff resource realignment. Dividend and interest income from the investment portfolio has enabled OCLC to partially offset these operating losses.

Unlike other library services organizations, we reinvest all of our income into new products and programs rather than distributing funds to shareholders or business owners. Our revenue stream from library services and the investment portfolio provide a stable cash flow that allows for strategic capital investments while supporting the long-term viability of OCLC.”

Some highlights:

• There were more than 274 million page views on WorldCat.org™, making library collections findable and accessible around the world.

Advancing the National Digital Platform identifies the extent to which public libraries are digitizing their collections and how they can work cooperatively.

• With Demystifying IT, we helped archivists achieve a better understanding of how information technology professionals work so that they can be more effective collaborators.

• The Relais™ International team joined OCLC in January 2017. Relais D2D, the market-leading consortial borrowing solution, provides key features such as requestability logic, which facilitates the highest fill rates in the industry.

• More than 15,000 learners used the WebJunction Catalog of library courses and webinars during the year.

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By | 2017-10-24T23:06:20+00:00 October 24th, 2017|Categories: Reports/Plans|0 Comments

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