Wiley reaffirmed its fiscal 2027 outlook with organic revenue growth in the low-to-mid single digits.
The company expects fiscal 2027 adjusted EPS of $4.60 to $5.05.
Wiley sees fiscal 2027 free cash flow at $205 mln.
Business segment drivers
Research growth - The company said strong demand for publishing and the Emerald acquisition drove 4% growth in Research revenue.
Learning softness - Wiley attributed the 19% decline in Learning revenue to a prior-year AI licensing comparison and weaker consumer and corporate spending.
Cost savings - The company said technology transformation and restructuring drove a 19% improvement in corporate expenses.
Preliminary quarter results
US research publisher's preliminary Q1 revenue fell 3% yr/yr, with growth in Research offset by Learning softness.
Preliminary Q1 adjusted EPS declined , impacted by higher net interest expense.
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