Earnings release
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WILEY Wiley Reports First Quarter Fiscal 2022 Results September 2 , 2021 - Hoboken , NJ - John Wiley & Sons , Inc. ( NYSE : JW - A and JW - B ) , a global leader in research and education , today announced results for the first quarter ended July 31 , 2021 . SUMMARY GAAP Results : Revenue of $ 488 million ( + 13 % ) , Operating Income of $ 41 million ( + 36 % ) , and EPS of $ 0.24 ( -17 % ) Adjusted Results ( at constant currency ) : Revenue of $ 488 million ( + 9 % ) , Adjusted EBITDA of $ 95 million ( + 12 % ) , and Adjusted EPS of $ 0.54 ( + 17 % ) Dividend : 28th consecutive raise in annualized dividend to $ 1.38 per share MANAGEMENT COMMENTARY " Wiley's steady execution of growth strategies in open research , online education , and talent development drove another quarter of strong revenue and profit gains , ” said Brian Napack , President and CEO . “ Our strategies continue to be tightly aligned with accelerating long - term trends across academic and corporate markets , and we are well - positioned to drive social impact by enabling discovery , powering education and shaping workforces . " FIRST QUARTER PERFORMANCE GAAP Measures Unaudited ( Smillions except for EPS ) Q1 2022 Q1 2021 Change Revenue Revenue Operating Income Diluted EPS Non - GAAP Measures Adjusted EBITDA S 488.4 S 41.0 S S 0.24 $ 431.3 30.0 0.29 + 13 % + 36 % ( 17 % ) Change Q1 2022 Q1 2021 Constant Currency S 488.4 431.3 Adjusted EPS S $ 95.3 S 81.8 + 9 % + 12 % 0.54 S 0.42 + 17 % Excluding acquisitions and currency impact , revenue rose 7 % for the quarter . Wiley recorded a favorable FX variance of $ 16.7 million in Revenue , $ 3.7 million in Adjusted EBITDA , and $ 0.05 in Adjusted EPS . Revenue Research Publishing & Platforms rose 14 % as reported , 10 % at constant currency and 5 % excluding acquisitions , driven by strong growth in open research , platforms and corporate sales . Academic & Professional Learning grew 10 % as reported and 7 % at constant currency , driven by strong growth in digital courseware and professional publishing , accompanied by further recovery in corporate training . Education Services increased 16 % as reported and 13 % at constant currency , driven by growth in university services ( formerly OPM ) and talent development ( formerly mthree ) .