Wiley sees second quarter lift

Wiley sees second quarter lift

Wiley saw a year-on-year revenue increase of 6% (3% at constant currency) in the second quarter to end October 2017, at $452m. Adjusted operating profit rose 16% to $81.4m.

The publisher said the revenue increase was largely driven by growth in Research Journals (+3%), STM and Professional Publishing (+4%), and Education Services/Online Programme Management (+6%), as well as growth from the Atypon acquisition (+$6m).

Adjusted operating profit was mainly due to higher revenue and lower technology expenses,

Chairman Matthew Kissner noted "improved growth in Research, better than expected results in Publishing, and significant progress in our operational excellence initiatives,” remarking also on the appointment of Brian Napack as Wiley president and c.e.o. and Ella Balagula as the new e.v.p. of Publishing.

He added: "This month, we celebrate 210 years of enabling many of the world’s advances in research and learning. While we are immensely proud of our legacy, we are just as energized by the opportunities ahead of us.”

Revenue for the first six months stands at $863.2m, up 2% at constant currency.