Trade Rises At Wiley Domestic professional/trade revenue rose seven percent at Wiley to $95 million in their fiscal second quarter, termed a “solid” period in the company’s release this morning. Technology and business books “performed especially well.” Licensing of rights is also cited as a contributing factor from this segment during the quarter, including a deal with MSN.com’s travel pages with Frommer’s. Net income of $27 million, up only slightly from last year, “was adversely affected by increased interest expense and a higher effective tax rate.” Overall sales for the quarter of $263 million were up six percent from a […]
