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 9, 2014 by Gary Price

Wiley Reports Q2 2014 Earnings and Comments on Swets Bankruptcy & Research Business Reorganization

December 9, 2014 by Gary Price

From the Earnings Announcement:

  • Revenue of $477 million, up 6% over prior year on a constant currency basis
  • Journal subscription revenue of $168 million, up 2% on a constant currency basis
  • Adjusted EPS of $0.90, up 8% on a constant currency basis
  • Reorganization:  On November 13, the Company announced plans to reorganize the Research business. The reorganization will provide sharper focus on managing the portfolio of journal-related products and services.  The books-related portion of Research will be managed toward increasing operating synergies with the Professional Development books business.

On Research Portion of Business

  • Revenue:  Second quarter revenue of $264.8 million grew 5% on a constant currency basis.  Steady growth continued in Journal Subscription revenue (+2%) and Funded Access (+30%).  Growth in Other Journal Revenue (+55%) included approximately $10 million for the sale of a backfile license.  Books/References and Other Research revenue fell 9% and 13%, respectively.  For the first six months, Research revenue increased 2% on a constant currency basis, to $519.7 million.
  • Calendar Year 2014 Journal Subscriptions:  Through November 30, calendar year 2014 journal subscriptions increased 1.8% on a constant currency basis with nearly all expected business closed.
  • Adjusted Contribution to Profit:  Second quarter adjusted contribution to profit after allocated shared service and administrative costs of $78.8 million increased 9% on a constant currency basis, the result of revenue growth and cost savings.  For the first six months, adjusted contribution to profit grew 5% to $148.4 million.
  • Society Business:  Three new society journals were signed in the quarter with combined annual revenue of $0.9 million; three were renewed worth $0.8 million annually; and two were not renewed, worth $0.4 million.
  • Swets Bankruptcy:  Swets Information Services, a global library subscription agent based in Amsterdam, declared bankruptcy in late September.  Impact to CY15 journal subscription revenue is expected to be on the order of $5 million.  Wiley continues to investigate the matter and will provide an update when it releases third quarter earnings.

See Also: Full Text of Q2 2014 Wiley Conference Call
See Also: Wiley Quarterly Results Up; Details Book Reorg (via PW)

Filed under: Libraries, News, Reports

SHARE:

About Gary Price

Gary Price (gprice@mediasourceinc.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.

ADVERTISEMENT

Archives

Job Zone

ADVERTISEMENT

Recent Articles on LJ

There Are No Lanes: Rural Libraries Do It ALL | Backtalk

Not Neutral | ALA Annual 2022

After the MLIS

Delaware to Expand Statewide Telehealth Program | ALA Annual 2022

Standing Up to Bullies | Editorial

ADVERTISEMENT

Related Infodocket Posts

International Federation of Library Associations and Institutions (IFLA) Announces Extraordinary Elections 2022 Results For President-Elect and Treasurer

From an IFLA Blog Post: We are pleased to announce the following results of IFLA’s Extraordinary Elections 2022, which determine the key  posts of President-elect and Treasurer. President-elect: Vicki McDonald ...

Motherboard Report: "Libraries Are Becoming a Battleground For LGBTQ+ People"

From Motherboard: There has been a swift escalation of LGBTQ-related attacks on libraries in recent months, turning typically quiet public spaces into political battlegrounds at a time of growing hostility ...

Research Tools: Our World in Data Releases "Democracy Data Explorer"

From the Our World in Data Website: Explore the world’s political systems with the leading approaches of measuring democracy. Direct to Democracy Data Explorer See Also: Download the Complete Democracy ...

Canada's Bestselling Books by Province and Territory; NLM Responds to Librarians’ Open Letter re: MeSH Term Changes; an...

Canada’s Bestselling Books by Province and Territory (Booknet Canada) Changing the Academic Gender Narrative through Open Access (via Publications) NLM Responds to Librarians’ Open Letter re: MeSH Term Changes (Medical ...

Fast Facts: The Fourth of July: 2022

From the U.S. Census: On July 4, 1776, the Continental Congress approved the Declaration of Independence, setting the 13 colonies on the road to freedom as a sovereign nation. As ...

Research Article: "Exploring User Experience in Digital Libraries Through Questionnaire and Eye-Tracking Data"

The article linked below was recently published by Library & Information Science Research. Title Exploring User Experience in Digital Libraries Through Questionnaire and Eye-Tracking Data Authors Maja Kuhar University of ...

Journal Article: "Click Me…! The Influence of Clickbait on User Engagement in Social Media and the Role of...

The article linked below was recently published by PLoS One. Title Click Me…! The Influence of Clickbait on User Engagement in Social Media and the Role of Digital Nudging Authors ...

New Project for SPARC Europe to Reform Rights Retention and Open Licensing Policies in Europe

From SPARC Europe: SPARC Europe has been selected to deliver the first project sponsored under the Knowledge Rights 21 (KR21) programme. KR21 seeks to strengthen access to knowledge in particular through ...

Not Real News: An Associated Press Roundup of Untrue Stories Shared Widely on Social Media This Week

From the Associated Press: A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were ...

Journal Article: "Public Libraries as Community Health Partners"

The article linked below was recently published by Certified Public Manager® Applied Research Title Public Libraries as Community Health Partners Authors Melinda HodgesLibrary Director, Buda Public Library, City of Buda ...

University of Cincinnati: Lori Harris Named Interim Dean and University Librarian

From the University of Cincinnati: Lori E. Harris has been named interim dean and university librarian of the University of Cincinnati Libraries effective July 1, 2022. Harris initially joined the ...

New Research Article: "How Policies Portray Students: A Discourse Analysis of Codes of Conduct in Academic Libraries"

The article linked below appears in the July 2022 issue of College & Research Libraries. Title How Policies Portray Students: A Discourse Analysis of Codes of Conduct in Academic Libraries ...

ADVERTISEMENT

FOLLOW INFODOCKET 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


© 2022 Library Journal. All rights reserved.


© 2022 Library Journal. All rights reserved.