Wiley reported fourth quarter sales of $436 million, up 8 percent from a year ago, and full-year sales of $1.699 billion, up five percent. Professional/trade sales rose 18 percent in the period, at $115 million, with growth “particularly in the US.” For the full year, the segment had sales of $430 million, up 7 percent. Trade ebook sales comprised $7 million (less than 2 percent of overall trade), and the company says that it now has an “ebook agreement signed with Apple.” The company took a small $800,000 restructuring charge in the fourth quarter “related to offshoring and outsourcing certain […]
