Margins Up At Wiley

Although total sales for the fiscal year ended April 30 rose only 2%, to $1.79 billion, at John Wiley, operating income increased 13%, to $280.4 million, boosting the company’s operating margin to 15.7%. Wiley said 40% of its revenue came from digital products and the company will continue to focus on publishing “must have” information. That focus led to the purchase earlier in the fiscal year of Inscape Holdings and the decision to put up for sale some consumer assets (travel, culinary, general interest, nautical, pets, crafts, Webster’s New World, and Cliff’s Notes), which had sales in fiscal 2012 of $80 million and a $6 million contribution to profit. Wiley had little updated information on the possible divestiture, with CEO Stephen Smith telling analysts only that “we are fully engaged in the process of finding a right buyer and situation for our consumer assets.” Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2012-06-22 00:00:00 UTC ]
News tagged with: #fiscal year #$80 million #updated information #operating margin #digital products

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Wiley Posts Q1 Gains Led by Digital Sales Boost

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Penned in the Margins does book deals with Overall and Pugh

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Virus Leads to Down Fourth Quarter at Wiley

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Wiley Cuts Financial Forecast for Fiscal 2020

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Wiley Posts Q3 Gains in Sales, Earnings

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Read Harder 2020: A Picture Book With A Human Main Character From A Marginalized Community

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Q2 Sales, Earnings Up at Wiley

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A Toronto Bookstore Amplifies Marginalized Voices

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Kate Braverman, Who Wrote of Women on the Margins, Dies at 70

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Why Audience Ownership Helps You Control Your Margins

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‘If we have to, we let them walk away’: Branded content margin pressure squeezes publishers

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