Wiley reported earnings for the first quarter of fiscal 2020, ending July 30, with sales of $423.5 million. Results were $12.6 million higher than a year ago, but that includes $15 million in revenues from the acquisition of ZyBooks in July. The company took a restructuring charge of $11 million for severance and other costs as part of their “multi-year business optimization program.” (That’s actually below the forecast of a $15 million to $20 million charge in the quarter. On the investor call, cfo and evp John Kritzmacher said the lower charge reflects more work to be done on their […]
