Wiley reported second quarter sales for the period ending October 31, with sales falling 5 percent to $433 million (down $44 million) on currency exchange. Adjusted operating income of $64 million was down 13 percent for the quarter, and net income was down $8 million (or 11 percent) to $45.9 million. In the professional development division, which includes their remaining trade books, revenue dropped 3 percent overall to $99.2 million. Book sales were down 6 percent, however, with print book sales of $49.2 million declining 4 percent, and digital book sales of $11.9 million were down 14 percent. For the rest of fiscal […]
