New Oriental Education & Technology Group Inc. provided revenue guidance for the first quarter ending August 31, 2020. For the quarter, the company expects to report total net revenues to be in the range of $911.2 million to $953.5 million, representing year-over-year decline in the range of 15% to 11%. The projected decline of revenue in functional currency Renminbi is expected to be in the range of 14% to 10% for the first quarter of the fiscal year 2021.