John Wiley reported sales for their fiscal first quarter, with still-falling book sales and foreign exchange (since they have substantial sales in the UK) pulling down results. Sales of $404 million fell 4 percent, and net income of net income of $30.4 million was down 12 percent. Book sales continue to decline across the company. In the professional development group, print book sales declined $7 million to $41.5 million, with digital books gaining a modest $600,000 to $11.2 million. In education, print textbooks declined $11 million to $23.5 million, with digital books falling almost $1 million to $4.8 million. And in the research […]
