[Press Release]
John Wiley & Sons, Inc. Reports First Quarter 2014 Results

Adjusted revenue of $411 million, up 4% over prior year on a constant currency basis
Journal subscription revenue of $160 million, up 4% over prior year on a constant currency basis
Percent of revenue from digital knowledge and knowledge-enabled services increased to 52% from 45% a year earlier
Adjusted EPS of $0.51, up 2% over prior year on a constant currency basis
Full year financial outlook reaffirmed

September 09, 2013 08:00 AM Eastern Daylight Time 
HOBOKEN, N.J.–(EON: Enhanced Online News)–John Wiley & Sons, Inc. (NYSE:JWa and JWb), a global provider of knowledge and knowledge-enabled services that improve outcomes in research, professional practice, and education, today announced the following results for the first quarter of fiscal year 2014.
“Our transformation from print publisher to provider of digital knowledge and knowledge-enabled services continues”

% Change

$ millions

FY14

FY13

Excluding FX

Including FX

Revenue:

Adjusted

$411

$398

4%

3%

US GAAP

$411

$411

1%

0%

EPS:

Adjusted

$0.51

$0.52

2%

(2%)

US GAAP

$0.61

$0.60

4%

2%

Please see the attached financial schedules for more detail

Management Commentary
“Our transformation from print publisher to provider of digital knowledge and knowledge-enabled services continues,” said Steve Smith, President and CEO of Wiley. “Today, 52% of our revenue comes from digital content and services, up from 45% a year ago, mainly reflecting gains achieved through the disposition of our consumer publishing business …read more

Via: Digital Book World