Global publishing company John Wiley & Sons has reported net income of $16.3 million for the first quarter of its fiscal year 2021 ending 31 July 2020, up from $3.6 million reported for the first quarter of fiscal year 2020.
The Hoboken, New Jersey-based company reported revenue for the quarter of $431.3 million, up from $423.5 million reported for the first quarter of fiscal year 2020.
John Wiley & Sons president and chief executive Brian Napack said: “Wiley’s core strategies in open research and online education are paying off with unprecedented gains in research article output and content consumption, strong online enrolment growth, and record new adoption of digital courseware. The Wiley team is executing well through the pandemic as we continue to take advantage of market-driven growth trends in research and education, while driving further efficiency gains across our business.”
Date published: 14 September 2020