Wiley reported second quarter 2014 results of $449 million, up 8 percent on an “adjusted” basis. Net income increased 9 percent to $49.9 million (or 84 cents a share). Overall digital book revenue increased 40 percent compared to last year, to $31.4 million. The professional development segment, where Wiley’s remaining trade book lines resides, grew 7 percent for the quarter on an adjusted basis to $92.5 million, driven by digital books and online training and assessment. Wiley also recorded another $15.3 million in restructuring charges as part of its previously announced realignment — $2.1 million of which applied to the […]
