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John Wiley & Sons Reports Third Quarter Fiscal Year 2012 Results
John Wiley and Sons, Inc., a global provider of content and workflow solutions in areas of scientific, technical, medical, and scholarly research; professional and personal development; and education today announced results for the third quarter of fiscal year 2012:Full Article: http://www.wiley.com/WileyCDA/PressRelease/pressReleaseId-102762.html
Revenue growth of 1% including and excluding foreign exchange (or "FX")
Revenue by segment, including FX: STMS +3%, P/T -6% and Education +2%
Adjusted EPS grew 8% to $0.91, or 6% excluding FX. Growth was driven by top-line results, prudent expense management and lower interest expense and income taxes.
Shared Services and Administrative Costs excluding FX, were up 3% to $91 million, driven principally by technology spending to support investments in digital products and infrastructure.
Outlook: Reaffirming FY12 revenue guidance of low single-digit growth excluding FX and EPS guidance in a range from $3.15 to $3.20 including the effect of FX and excluding the unusual tax benefits.