Revenue during the quarter went up marginally by 0.01 percent to $436.46 million from $436.39 million in the previous year period. Gross margin for the quarter expanded 88 basis points over the previous year period to 73.33 percent. Total expenses were 88.28 percent of quarterly revenues, down from 90.92 percent for the same period last year. This has led to an improvement of 264 basis points in operating margin to 11.72 percent.

Operating income for the quarter was $51.16 million, compared with $39.62 million in the previous year period.

However, the adjusted operating income for the quarter stood at $60.28 million compared to $53.33 million in the prior year period. At the same time, adjusted operating margin improved 159 basis points in the quarter to 13.81 percent from 12.22 percent in the last year period.

"Results were mixed this quarter," said Mark Allin, Wileys president and chief executive officer. "Research revenue and earnings were fully in line with our expectations, with steady performance from journal subscriptions and double-digit growth from author-funded access. The Solutions business continued to post double-digit revenue growth and very strong profit improvement. We are encouraged by the momentum in the Online Program Management business, with four new partners and nineteen new programs. Publishing revenue showed a significant decline due to market weakness in Books and Reference Material, particularly print."