Wiley Announces Fiscal Year and Fourth Quarter Results

Wiley has released its Q4 and FY2012 financial results:

For Q4:

• Revenue was $455 million, up 2% including foreign exchange rates, and up 3% excluding foreign exchange. 
• Adjusted earnings per share were up 73% over the prior year to $0.80. 
• Revenue from Wiley's Scientific, Technical, Medical and Scholarly (STMS) business line was up 2% to $291 million, Professional/Trade was up 4% to $114 million, and Global Education was up 2% to $49 million. 

For the full 2012 fiscal year:

• Revenue was $1.783 billion, up 2% including foreign exchange rates, and up 1% excluding foreign exchange. 
• Adjusted earnings per share were up 11% to $3.21. 
• STMS revenue was up 2% to $1.041 billion, driven primarily by growth in digital revenue, which represented approximately 61% of the segment's total revenue for FY2012. 
• Professional/Trade revenue fell 1% to $434 million; full-year eBook revenue was up approximately 70% to $40 million, representing 9% of the segment's total revenue. 
• Global Education revenue fell 1% to $308 million; full-year non-textbook and digital revenue grew 5% to $88 million, representing 29% of the segment's total revenue.