SUBSCRIBE
SUBSCRIBE
EXPLORE +
  • About infoDOCKET
  • Academic Libraries on LJ
  • Research on LJ
  • News on LJ
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Libraries
    • Academic Libraries
    • Government Libraries
    • National Libraries
    • Public Libraries
  • Companies (Publishers/Vendors)
    • EBSCO
    • Elsevier
    • Ex Libris
    • Frontiers
    • Gale
    • PLOS
    • Scholastic
  • New Resources
    • Dashboards
    • Data Files
    • Digital Collections
    • Digital Preservation
    • Interactive Tools
    • Maps
    • Other
    • Podcasts
    • Productivity
  • New Research
    • Conference Presentations
    • Journal Articles
    • Lecture
    • New Issue
    • Reports
  • Topics
    • Archives & Special Collections
    • Associations & Organizations
    • Awards
    • Funding
    • Interviews
    • Jobs
    • Management & Leadership
    • News
    • Patrons & Users
    • Preservation
    • Profiles
    • Publishing
    • Roundup
    • Scholarly Communications
      • Open Access

December 10, 2013 by Gary Price

Wiley Releases Q2 2014 Earnings, Digital Book Revenue Up 40%

December 10, 2013 by Gary Price

John Wiley and Sons announced their Q2 2014 earnings today.

Resources

  • Earnings News Release
  • Financial: Conference Call Slides (PDF)
  • Full Text Transcript (including Q&A) of Conference Call (via SeekingAlpha)

Highlights from Earnings Report

  • Adjusted revenue of $449 million, up 8% over prior year on a constant currency basis
  • Adjusted revenue change by segment on a constant currency basis and excluding the divested consumer publishing programs: Research +2%, Professional Development +7%, and Education +30%
  • Digital book revenue across the three segments (Research, Professional Development, and Education) increased 40% to $31.4 million.
  • Journal subscription revenue of  $164 million, up 2% over prior year and 3% year-to-date on a constant currency basis

Research Division Highlights

  • Second quarter revenue on a constant currency basis rose 2% to $252.9 million due to journal subscription growth (+2%), digital book sales (+45%) and open access fees, which contributed $2.1 million of incremental revenue over the prior year period.  Partially offsetting this growth was a 10% decline in print book revenue.  For the first six months, revenue on a constant currency basis grew 4%, with journal subscription revenue up 3%. 
  • Two new society journals were signed in the quarter with combined annual revenue of $7.8 million; 13 were renewed worth approximately $10.5 million in annual revenue; and none were lost.  

Education Division Highlights

  •  Second quarter revenue on a constant currency basis grew 30% to $103.7 million, driven by the contribution from Deltak (+$16.5 million) and growth in digital books (+55%), binder and custom products (+40%), and the WileyPLUS course management solution (+26%).  For the first six months, Education revenue overall increased 22% (to $184.8 million) on a constant currency basis primarily due to the contribution of Deltak (+$31.3 million).  Contributing to second quarter growth was the favorable impact of later ordering in the current year due to late semester starts in the US and the shift to digital formats, which pushed revenue into the second quarter. 
  •  Deltak contributed $16.5 million of revenue in the quarter. The Company signed the McCombs School of Business Foundation at University of Texas at Austin during the quarter, bringing the total number of institutions under contract to 34.  As of October 31, 2013, Deltak had 107 programs generating revenue and 43 programs under contract and in development but not yet generating revenue.
  • Deltak and Purdue University have partnered in the launch of Purdue NExT, online course offerings available globally that focus on upper- level engineering, science, and technology disciplines. The courses are marketed to three distinct markets: individuals looking to enhancing their skills and job prospects; institutions looking to augment their scientific and engineering curriculum content; and businesses looking to raise employee skill levels in key engineering disciplines.
Coverage

John Wiley & Sons 2Q profit slips on charges (via AP)

For the period ended Oct. 31, the publisher earned $36.2 million, or 61 cents per share. That compares with $43.1 million, or 71 cents per share, a year earlier.
Excluding restructuring charges and other items, earnings were 84 cents per share, up from 75 cents per share.

Filed under: Management and Leadership, News, Open Access, Publishing

SHARE:

About Gary Price

Gary Price (gprice@gmail.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.

ADVERTISEMENT

Archives

Job Zone

ADVERTISEMENT

Related Infodocket Posts

Podcast: The Open Research Knowledge Graph, A Conversation with Vinodh Ilangovan and Jennifer D'Souza

A new Access 2 Perspectives podcast is now online. The conversation is hosted by Dr. Jo Havemann. From the Podcast Description Vinodh Ilangovan and Jennifer D’Souza work on the Open Research ...

AI Tools Are Generating Convincing Misinformation. Engaging With Them Means Being on High Alert; Report From Fully OA...

AI Tools Are Generating Convincing Misinformation. Engaging With Them Means Being on High Alert (via The Conversation) Guests at the Next DPLA Open Board + Community Meeting (April 10, 2023) ...

American Library Association Reports Record Number of Demands to Censor Library Books and Materials in 2022: Book Challenges...

From the American Library Association: The American Library Association (ALA) today released new data documenting* 1,269 demands to censor library books and resources in 2022, the highest number of attempted book ...

Penn State University Libraries: Expanded Judy Chicago Research Portal Relaunches With Five Unified Collections

From a PSU Libraries Blog Post: Penn State University Libraries has announced the relaunch of an expanded Judy Chicago Research Portal, a searchable gateway to the archives of this prominent feminist ...

Two Ebook Bill Hearings; New Digital Collections From South Africa, India, Nepal and Georgia Now Available Online From...

Clarivate Announces Gordon Samson as President, Intellectual Property and Nominates Dr. Saurabh Saha as New Independent Director Here Come the First ChatGPT Plugins (via OpenAI); More via TechCrunch Illinois House ...

Registration Now Open -- May 24-26 Nobel Prize Summit on Misinformation and Trust in Science (In-Person & Virtual)

From the U.S. National Academy of Science: Registration is now open for the Nobel Prize Summit Truth, Trust and Hope — which will convene Nobel Prize laureates and other world-renowned experts and ...

Report: "Top Missouri Lawmaker Moves To Strip Library Funding"

From the Associated Press (AP):  A powerful Missouri state lawmaker on Tuesday moved to strip state funding for public libraries over a fight about books. Republican House Budget Committee Chairman ...

European Research Council (ERC) Study Identifies Repositories That Allow Researchers to Comply With EU Open Science Rules

From the ERC: A new study identifies repositories for data and publications that could help ERC grantees, as well as beneficiaries of other Horizon Europe grants, comply with EU open ...

Nearly 20 Hindawi Journals Delisted From Leading Index Amid Concerns of Papermill Activity & More News Headlines

Conservation Center for Art & Historic Artifacts (CCAHA) and Lyrasis Announce Succession Planning Initiative for Collections Stewardship Nearly 20 Hindawi Journals Delisted From Leading Index Amid Concerns of Papermill Activity ...

Houston Chronicle: "As Book Bans Ebb, the Battle to Criminally Charge Texas Librarians Has Started"

From the Houston Chronicle: Politically and socially conservative, Texas is a national leader in school book challenges and bans; a Chronicle investigation last summer counted more than 2,000 content reviews of challenged school library ...

Connecticut: Librarians and Lawmakers Fight Against High Cost of eBooks

From CT Insider: A bill that would end many of the contract restrictions won unanimous approval last week in the legislative Planning and Development Committee, following recent public hearings that brought ...

Research Tools: National Geographic Society and Utrecht University Launch World Water Map

From the National Geographic Society: Today, the National Geographic Society launched the World Water Map as part of its five-year World Freshwater Initiative to better understand developing freshwater shortages around the world ...

ADVERTISEMENT

FOLLOW US ON TWITTER

Tweets by infoDOCKET

ADVERTISEMENT

This coverage is free for all visitors. Your support makes this possible.

This coverage is free for all visitors. Your support makes this possible.

Primary Sidebar

  • News
  • Reviews+
  • Technology
  • Programs+
  • Design
  • Leadership
  • People
  • COVID-19
  • Advocacy
  • Opinion
  • INFOdocket
  • Job Zone

Reviews+

  • Booklists
  • Prepub Alert
  • Book Pulse
  • Media
  • Readers' Advisory
  • Self-Published Books
  • Review Submissions
  • Review for LJ

Awards

  • Library of the Year
  • Librarian of the Year
  • Movers & Shakers 2022
  • Paralibrarian of the Year
  • Best Small Library
  • Marketer of the Year
  • All Awards Guidelines
  • Community Impact Prize

Resources

  • LJ Index/Star Libraries
  • Research
  • White Papers / Case Studies

Events & PD

  • Online Courses
  • In-Person Events
  • Virtual Events
  • Webcasts
  • About Us
  • Contact Us
  • Advertise
  • Subscribe
  • Media Inquiries
  • Newsletter Sign Up
  • Submit Features/News
  • Data Privacy
  • Terms of Use
  • Terms of Sale
  • FAQs
  • Careers at MSI


© 2023 Library Journal. All rights reserved.


© 2022 Library Journal. All rights reserved.