Wiley reported first quarter 2015 results of $438 million, up 4 percent on an “adjusted” basis. Net income of $33.5 million was up 9 percent on a currency-neutral basis, but virtually flat in real terms. The professional development segment, where Wiley’s trade business remains, rose $8 million to $92 million for the quarter, but the gains all came from the recent acquisitions of CrossKnowledge and Profiles International. Revenue was down 3 percent without those acquisitions. Print book sales fell 2 percent to $56 million in this segment, and ebooks actually declined more, down 11 percent to $10.5 million. declined 3 percent for the […]
