for as Hello Operations. Executive me With thanks Vice is everyone, Kritzmacher, and CFO joining John call. and President of our our always
Let education. me is reminder Wiley Simply about Wiley. quick stated, and start research with a
Our customers universities its of content and do many and we publishing to mission global and learners them world’s and in our More major do a fuel portion nearly In tech-enabled ambitious most education Wiley language researchers must How and English achieve the have important half but research are and focused discoveries, ways, we and delivers disseminate the is the corporations, their economy. knowledge the overall research specifically and publish, we through our help goals. the that research world's validate, that? services businesses, world's of platforms. platforms our host
important goal Our high-stakes impact academic universities our discovery is education, learners pass throughout school, to education research. In in standard enhancing and helps accelerate gold tech gain we of the their and power from exams, succeed skills career services, top through amplify we to certification that publish and and courseware content enabled degrees careers.
advancement. drive for assessments the today our global balance the programs, education the Wiley win highlight growth to in they flow, research great depend economy. see a deliver research our education long The that also they on we while invests workforce points learners, that universities, in growth the and for platforms, and businesses, cash and our and and award customers the succeed. opportunity of economic because winning skilled portfolio I'll our and customers, delivering companies high quarter. need corporations invests needle and term, and our shareholders. impact Across are lots e-learning healthy services moves platforms potential the of content because have in to researchers, engines of for four and major for twin We world always profitability, key ensure because Wiley human
research First, growth strong long-term good solutions believe with our good results in in textbook for and continued our offset prospects we're delivering and were very and accessibility. declines We print much Higher-Ed in steady with publishing. our affordability in in and courseware, content in enhanced line expectations, the progress Wiley's making growth content
education As expanding, our to down initiatives publishing expected, as earnings and due enrollment performance in research such driving in the in growth quarter services. investments and was
are Second gaining point, traction. investments our growth
For become research objectives and leader to are access. publishing in key to increase volume example, open a in
year in date big here. news growth through pay-to-publish long breaking momentum up revenue is published we're models. X% record include Article models pleased that articles. and for education, October, a business technology that report XX% in history month We of is In the or XX,XXX is first our Open Open investments. I'm we This our us. quarter. subscriptions to the that the building more Access important well pay-to-read our or because was are to culminated and This models doing for new demanding than Access calendar very very market in content traditional both
We high are demand, extending our publishing disciplines. must program have in select
at platforms We both critical new version in models which demand. expanding go-to-market are WileyPLUS, out in want such out and is roll as our points in to prep the and actively they need finance they momentum beginning enhancing formats test accounting in new business capabilities and market, get learners tech-skill areas. building launching new rolling of a the they We're to are price and certifications the we the just learning powerful content
Signed U.K. University including of important important up as University several strides opportunities, most well universities an in presents of schools, and programs the our our is partner seeing agreements with some growing some are our partners. interesting education important we degree making long-term have renewed services, We of half, in first three, at best significant momentum State our the which Glasgow, we're growth the Point Bath organization. and enrollment in in new of Michigan
House. generating and we initiative has Services largest Wiley our areas a market degree launched by Fourth, program optimization We’re significant million offerings our known that business each the market just recent rate savings. the We've addressable while of Education are skillsets, our in significantly university and significantly. in enhancing billion created run and network accelerate now our combination will programs $X services of $XXX acquisition OPM that our a John's are the also Learning direction with widen the range efficiency. energized as of directly leader speed, under of the online unmatched new The focus, Wiley has improving we these service partners improvement and an business.
Wiley know and in revenue research publishing you X% up up good is market player We're billings is $XX X% the for continue Now research XXXX making X%, on Calendar just progress. growing to growth be leading finished consistent a research. billion XX% which year us. subscription Whereas at to to making areas year. we're getting XXXX Subscriptions, of a underway.
Association in Environment European and to business The Society, the Federation, of International Engineers, the net calendar we totaling see and good with wins publishing and year following Taxonomy. Plant continue Entomological for of We XXXX. our $X rates the In at The momentum Water partnerships, society Association XX%, million The The society Geoscientists Royal retention quarter, new announced
worldwide new innovative continue dominant to to Models incorporate industry while models. Access evolving for some foreseeable future will remain Hybrid Subscriptions noted, distribution Open the grow. As the and model is and research the
XX% three-year XX% grew quarter for the Access the new noted, a publishing XX%. partners, revenues the As Open Atypon and and quarter, first a by with In signed revenue rose key for three half. renewed agreement client
to of fundamental models reviewed model, of value research mix Going ecosystem funders, in regardless publishers. our productively forward, portfolio a and researchers, and ensure engage consortia, business that to continues business for of research be community a the the works But there'll libraries, will co-exist. research reputable endure. Wiley journals the peer prominent healthy that societies, with
while with We in best have the of focus Our Wiley reports and ranked largest portfolios released the one journal in of number strategic world XXX is and June journal ranked XX journals of citation XX we this top one in the more will annual better. the will publishing diversifying Simply clear continuing growth we publish of our end and model. put, We our article to sight volume of the enhancement distribution and line portfolio goal. see increasing publish
we find accepted our high articles journals. of every by and individual Many these two-thirds nearly articles their are way not receive ultimately our journals. into example, For year quality are of the competitors’
finding Our these house, articles the plan them portfolio of a in for home Wiley is journals. to vast inside keep X,XXX
products. such We developing seeing product are early One where are we is good program actively traction. archives new digital Wiley
and excellent tech-enabled and on publishing work Atypon We re-engineering of to are The speed this in We're research business. our of workflow. making new services inside also of software innovative the the more calls. this exciting team progress much is research effectiveness spearheading future planning in enhance also
is there cycle their out very in but lower and the transition for due simplify to except process profitable Higher-Ed piloted our in XX% to going publishing. it a has market uneven recently of and researchers make Wiley, publish work more been the have we This the getting will big our publishing delivering by two to out cost. example, world market Education faster also For cut than results time. happy is
lower good Higher-Ed we are and generate nicely to is books good be On the At Prep positive strong publishing is plan stem for this business, books complete a reference news. this where to high online leader overall to core decline homework rise. their migrates and to focused and are and disciplines, as there's publishing, same Test plenty leaders courseware With as time, with career again materials, and Wiley includes business and earnings. areas and at points STM test publishing finance, require is in on on growing year down such and our seems the of side, models. market seeing the pass year of the courses we trade prep performance steady sales which distribution is professional test. strength disciplines in continues digital new and are critical systems course and remains that print demand textbook content their price accounting students Wiley’s
high content As continue leveraging such, we and most standard demand transition. quality invest models the in by learning while content so in and do formats to change. gold opportunity curated business will even We amid long-term the available. the high Wiley’s Thus, remains technologies see powerful
offerings areas as such IT cyber For our tech prep expanding skill hot networking security, test service. example, in we and are
Learning, ebook digital our We and preparation continue WileyPLUS, Efficient test platform Wiley include our platforms to programs. enhancements our rolling out which learning
are and implementing as We access affordability content inclusive programs. rental actively initiatives such
access with university improves streamlining in or workflows a to us that we inclusive access and reminder where This sell lowered As gain a for price. remains focused for on approaches. giving ensure all go-to-market operational affordability is modernizing a students publishing, while work and development students our material and Wiley through. full retail intently to course digital department effectiveness exchange content
adding been our base significantly product We've are optimizing development, digital management, internal throughout. through our and marketing, We such pricing as e-commerce reducing costs digital in areas talent pricing. and
In Now profitability. adjusted segment grew our In first Revenue and short, to The profit growth existing a services, growth we XX%. solutions improving our sales our saw central to contribution had X% in programs. same-store grew onto ED enrollment degree solutions. terrific is half. X%
As partner stated, State in we the also institutions signed United a major two and Michigan as Kingdom.
continue to new a degree while the net on We pruning programs basis, underperformers. add of portfolio
partnerships with core renew to core XX% regional core in in the saw XX%. school up and businesses a professional assessment and long-term space, learning are our learning In continue up good robust. We pipelines performance solutions we CrossKnowledge corporate workforce lucrative our
and Through of through and and of the customer line corporate critical new them both enhancement In These meet growth We substantial we strategic many the in growth areas partners including business. long-term growth our record are success. and made our solutions first setting the our a clients partner include driving achieving XX development. names new months strides technology in training XXXX CrossKnowledge top expectations assessment planning, capabilities business. all, and XX to gains at efficiency six level quarter continue margin this and global brand to great we've across corporate talent for
our in already that of On the and the of great strategy the plans our improvement impact front, has we've strategic planning to driven yielded implemented our focus, approach a data effectiveness analytics, by than I'm confidently more moving Powered progress while Wiley making and and now technology. is faster insight customer in we're better pleased with tightly operations. business aligned the very ever.
and becoming noted has unit platforms. a in me, technology ability to our We industry and with made products recently support to confidence business development strides great develop impact capabilities. customer Each our high driven company leading data to their leaders of unified growing have focused
we We expect savings. we pool, enhance organization them is our year and pathways completed technology enabling delivering and us yield compelling that far Thus colleagues. ongoing enhancements our talent success invest for our in projects that to a have base while will our variety foundation people culture. the cost the this talent Wiley career shape continue Wiley’s to past, of important are future. to in significant of present, our Thus
of that of organization and over and a they and team partners, healthy bit position placement of happily XXX service we seeing a corporations, services we talk centric, Learning profitability regularly Wiley can embarking Learning A a organization. confidence colleagues said range Wiley our education colleague and on Services. operational the Mason a small pathway regional must performing Learning House, Learning closed services are well House throughout growth mid-size partners will a and integrating engagement satisfaction. fragmented non-degree oriented, We between and this leader programs, excellent a big We the speed corporate than say way like differently $X for has undergraduate billion short they survey credentialing. buy about X education House complementary to I deal they and full and Student program institutions, Education a a have schools. future University a they learning. we and in range are present been leadership is more services schools education network George that is combined are Concordia work, full Wiley cost building including led our high regional in including courses the vision focused fully split continuing to on Education they point more and I is and Michigan half job and University names House that and range November this traditional real increases and that where Paul and State services House while acquisition House and nearly are dynamic degree but brings the drive and impressed professionalism of people market. graduate. believe St. university team process and of of throughout in XXX and initiative graduate focused House the to diverse excellence is national truly half complements quality and the have Zipper with Services the integration savings more We been the skewed strong company John now toward West Together partnerships and Wiley Wiley our Alabama. on are as high regional on our is and of highly Learning quality acquisition university high and great Todd an Learning fortifies succeed. like that together into XX programs programs us such the outcome have Learning by built. we businesses offerings of
growth, to partners diversifies and the regional national know very terrific are business is attractive lucrative services program degree nicely. to high us visibility, highly retain you on the X with highly a with business mature attractive long-term margins regional heavily our As of brand recurring favorable XX typically and regional years, cost. market without when switching characteristics portfolio attract revenue our This financial contracts The lie operating with will students. dynamic and
thus, some will business able once operating model Beyond and from have efficiency their is enrollment of that The the These our benefit draw marketing characteristics. of expertise. recruiting to and for XX% XX% service and way like big typically the was The carte bundled Learning very They fee projected cash OPM order House cost-effective in deals no our mature. we service margin combined us. programs party services and a greatly services a for operating to well. a capital provide such flow to low are we services, of are as upfront universities as good la and
slice for services Learning of And large just are market We’re billion The but it’s of the still and services. and around with in an $X other $XX very are development addition the attractive education of confident we market, is early House already stage seeing delivery adds billion and of this growth double-digit in XX%. with margins still only outcome. in improving one OPM pie. highly penetration a market addressable
education deliver University post-secondary Beyond that education and it in corporate focused a professionals find and Universities solutions seeking in education. through covers the investment trends for higher and continuing the space market software, spending ROI corporations. career billions re-skill and more and gap. are Learning education, The we this their At solve to are over their in a from X,XXX all investing services to outcomes heavily of universities knowledge on much exceptional. leader to their talent for serve Wiley than are which and of students to credentialing cross training bigger workforces which is over corporations is to skills continuum students and and corporations up-skill talent and or already businesses. XX,XXX Wiley, Universities and are better ever are
and optimization you I'll to financials initiative. for requires which partners, side, our outcomes the succeed, skilled it helping significant pass education plan full supplies of the students our professionals of range With both effect from between will to services capable other we and university take our career our demand, labor we forward, bridge is uniquely corporate John literally and Going and to value their network create supporting learning to and market skill words, take institutional that, success. call significant the to reengineering labor, In school With that the Wiley’s equation. real broad students from so bridge supply through help The gap deliver gap, demand sides and drive of through the will and which over our by do work. the for or shareholders. side and ongoing impact of we to are meet Wiley advantage
