Brian overall. Wiley morning, you, solid Thank and the want for I to start by another good year team everyone. acknowledging delivering
variances talk impact. let's about exclude QX. all Note First, currency that
to offset momentum year X% & EBITDA adjusted revenue mainly was in or and quarter, the talent corporate revenue For Education University the declines Academic planned key in EPS flat or due was delivered Publishing. X% to and in prior Wiley market-driven growth of Research investments and areas. half organic, Learning, with Services, growth This in Professional X%, second and development. continued Publishing Professional Adjusted decline down APL
relate macroeconomic to I comment uncertainties market Before I our dive want current geopolitical into our how on conditions and they performance, Wiley. and to
crisis. exercised technology several Wiley development inflationary continuity. center very small regard the from the material to Russia, I year Ukraine of any of As impact would pressure a world not have inflation, business With around on plans for reminder, both does Russia one so print in and are 'XX fiscal contingency and pressure markets expect us, publishing in do and revenue our in reflected which ensure we both wage are outlook. to expect some costs, a we've
largely are none and terms and digital issues, impact. material be have other to chain In of limits yet supply any significant nature in
products only revenue. make up As a reminder, physical XX% of about
books. would parts inflationary more professional also our are such of monitoring on discretionary We spending consumer closely impacts business which as impact
while has currently delivering global Wiley working and countercyclical economic of difficult Nonetheless, Brian ecosystem, research the our we're through periods. must-have and through in sector the at general, economic maximize content contraction. in market we're noted, As because highly platforms. education prudent speaking, center up held is challenges, times And we nimble, well is historically in this of period the be of resiliency. enrollment uncertainty, to will disciplined This
will platforms, our we segment for Research for be reflect services line. XX% Research of which and Now which will account on current in will and QX, beginning and Note Research It reporting will replace other the corporate to publishers. account our changing for reporting Solutions to Solutions Research include segment that societies XX%. Publishing solutions will segments. the platform's both
Research continued X% revenue or up X% up and year, organic EBITDA growth, to consistent the with and adjusted For deliver revenue profit XX%.
XX% was line is solid margin year. Publishing with in and EBITDA and was prior Our by Solutions. driven in both Performance growth
transformational fiscal university For the and and XX%. momentum up around revenue In our organic EBITDA continued major 'XX, was the signings for with rose quarter, large X% world. or models, X% published with consortia XX adjusted read strong
subscription replace repeat As discussed to in deals output, multiyear limited steady which 'XX. of to perspective. our output we that so growth historical read-only from will except article Brian line a it continue trend won't resume legacy reminder, these our expect agreements growth I highlight overall were to a here, fiscal
Finally, Research revenues Solutions for platform continues X% and Corporate or demand year with strong to up up see XX%. XX% Solutions organic the
employee X% year Adjusted Publishing. professional XX% due a up EBITDA XX% side, continue in was the all On in full prior XX%. performance consistent In Research. the to mix APL; year growth That's the EBITDA up offsetting centers decline reflected operating our across is XX% in for segment the of up continued in of On This costs we with growth profitable momentum career to databases revenue to advertising, and Education up margin for learning and success in strong spectral our lower from in a year. and was corporate summary, strategies. revenue were the this year. see
performance quarter. happy Publishing last surge that was report lower decline year's Ed was continued and a pre-COVID fully end were enrollment quarter, to has discussed, COVID. learning, a APL double-digit adjusted to In training comparison both for in corporate prior digital and summary, X%, in the and challenges for the of the Publishing. resulting now difficult due offsetting strong the in to revenue services, to Professional year, year up and to and cyclical mainly for content in Education growth EBITDA segment, In Within for offset courseware saw This development. year due the professional market-related in to by levels conditions. Professional Services, mainly slightly and to to The comparison in be was growth due a Learning unfavorable due decline show corporate down Publishing the market X% U.S. with particularly X% driven delivery, training, and by in by revenue. up unfavorable the in XX% result and QX continue hindered corporate mainly offset in-person we I'm year, training Education for talent This revenue professional Ed by an corporate was downswing. university publishing X% training modest driven decline growth For as enrollment XX% virtual momentum revenue year. Publishing. growth to growth recovered growth a for to this
win expected, of decline resulted also corporate in an operations scale talent momentum clients EBITDA strong and continued but XX%. adjusted our investments to and new As development
the was For compared year, our period. adjusted in EBITDA XX% margin prior to XX% the
XX% over line Services talent with the actively term. our University have our in profit long-term line but to investment continued development managed goal in margins segment lowered We near has in be fast-growing
a as 'XX. have we materially plan solid beyond year segment to scale We fiscal improve margins
pleased hundreds the program top for XXX% with this side, we strength a XX signed tech technology and key I multinational upscaling continued tech placements am of corporate our financial year inside pipeline. client involving of employees. We clients our the consumer and global On included companies grew the
quarter, lot is revenue XX%. was great talent momentum here. up the development There a For of
in on shows up but University X% An enrollment enrollment the X% side, the partner softness. in our Services early online QX. read was continued our semester down On year summer for program
to education, confidence growth higher While normal outlook in we the of return have take trajectory. it time long-term will some our enrollment more digital to for a
clients new University University in seeing added renewed a and note, corporate business challenges four In University to development programs. remain and strength full improved including declined partners we University summary, through degree of credential ability in major an For A&M service long-term We and we work and we market in career-connected online Wiley. the are demanding. brighter Virginia to In Services, to On confident record the growth accelerate a our foundational in market we pipeline late University programs we Pennsylvania. Florida as is deliver continues partner. generation cash education University, placements. Services and the enrollment quarter, quarter, services Indiana QX, as fee-for-service that Steady Arcadia In added of but also via have a revenue with in XX the University remains Ohio deliver American butler sign for X%. cyclical signed
we year. steady of at with cash compared payments flow on largely from our the than it ratio Also debt our net be same year. from was outperformance. to onetime low unusually the year operations year exceeded to including million $XX free contributing of guidance, prior due to to at repayments. variance year. more items, cash would fiscal $XX million. prior $XXX undrawn sheet, year, cash COVID. dividends time for to April last For 'XX compensation refund credit these levels. acquisitions, $XXX in X.X and the our $XXX 'XX at million feel million generation, after expect was free CapEx continues With million $XX due regard and hand to million down consistent million X.X fiscal share was apply $XXX to This a With end repurchases to of of higher Liquidity the the comfortable And absent of Cash down was although balance we capacity tax our flow unfavorable annual the is and from debt-to-EBITDA cash
$XXX total a rates we interest rate modest in be a in average to X% to with Note the to interest and X% over us. weighted rise fluctuations rate our weighted fiscal as little The leverage swaps maintaining rates the a level using year-end. 'XX over was fixed environment, Given debt we interest manage a continues of at of on fiscal little 'XX. total for interest rate in on interest exposure year rising that of million debt to focus expect outstanding average debt
to Turning allocation. capital
'XX, fiscal We we year saw reinvestment we COVID. in shareholders. in return in spend in due which million was prior year spend said, to and In digital talent products to for critical profitable 'XX. drivers capabilities did $XX continue invested Research, growth Solutions lower platforms total targeted to key materially higher CapEx M&A in growth with balance in was this acquisitions areas than and add in the courseware. Research and fiscal lower year That development Services. and University than
Going and the remain active expanding free mainly research repurchases. expect form and our forward, in capabilities. to our Research our development half but of in talent of journal you can offerings to flow us is On portfolio, about cash focusing M&A very returned average, targeted strategy, corporate dividends Solutions shareholders on
'XX, We in $XX we are million yield in consecutive current repurchases, immensely fiscal proud is of share $XX to our X.X%. up XX-year dividend devoted year. approximately the record million and of Also, prior from our increases
automation. end, will On outlook a We identified continue rate To on reflected These to to kicked 'XX statements result we are program team, in that continue to streamlining million excellence. far, and fiscal additional improve relentlessly our spring million effectiveness and well year. $XX cost that targeted will the mentioned, the to approximately Thus quarter opportunity to to rest improve has charge are this And $XX million offices in model. with and $XX reduced off Also, already me of investment hybrid reengineering real believe It's but Also, we're I in and authorizations. opportunities; nimble 'XX, and footprint, let growth economy; active Since repurchase front savings, initiatives there's resilient operational that approximately to a these as and opportunistic $XX by move expansion to our on of restructuring $XXX as Brian to our of through two, estate in work and million $XX workflow simplifying more 'XX. an with have in our existing driving understand the optimization, of as structure. our further be permanent a to focused in we critical $XX to to real the nearly to have early operational of three, operations estate the management, and I, portfolio nonetheless, on: million uncertain cost million. identify leadership throughout QX organization current focused this too rationalize our driving one, future opportunities as will process say to closing comment we prioritizing run our office it firmly to footprint we excellence XX%. with million that, remaining margin most advantageous remain efficiency 'XX. realized be we additional I simplification on through continue fiscal reduction. in combined
on spot fiscal between XX. average variance our exchange comment want rates 'XX base rates fiscal to first current outlook. our the 'XX to the foreign and given Turning as currency June for I our is constant unusual now of which
relation are pound. and Wiley's strengthening As our particularly impacted was and results the you know, about United adversely the British the in the dollar generated by outside U.S. to States revenue therefore, half of euro
British recent for the to surge impact improve constant and dollar, has EBITDA, outlook average Given outlook pound for has the million, the the this This to table, and transparency. the million, at has we currency £X.XX. our $XX for £X.XX in at 'XX million, from of Similarly, €X.XX. rate FX flow free our €X.XX impact gone and resulted negative respectively. rate rates a EPS fiscal a to $XX the $XX revenue, to current fiscal both exchange euro, of highlight outlook gone spot $X.XX in 'XX cash In example, our the from current for and provide
Here, more to I'll currency. be speaking constant
$XXX in constant 'XX. of driven and to growth constant compared million is Research organic performance the corporate expected $XX Adjusted fiscal well to EBITDA as talent strong mid-single-digit be For by fiscal at revenue, at 'XX Wiley currency, in $XXX currency anticipates in of as development $XXX million range from continued million to acquisitions. million revenue
Solid and expected Publishing, development. growth constant higher by offset currency from be this targeted down will to partially due to of in costs EPS inflation $X.XX at and corporate Adjusted is to Research organic $X.XX, investments employee be year. talent in Solutions revenue the range $X.XX Research
expected interest effective to addition pension These tax expected 'XX. and that are adverse to due seeing rise 'XX. higher three of of items rate. for tax Also favorable to income. benefits. certain increase higher is we primarily from from adjusted U.K. earnings expense in impact to in an investments, nonrecurring lower $X.XX is fiscal rate Note are the expense, fiscal mix XX% Wiley's account and XX% wage fiscal inflation this and note that additional In tax country year statutory a between benefited This in less 'XX by XX% and targeted
the million platform million platforms U.K. generation million and $XXX interest $XXX back-office be payouts terms Positive be million of build-out XXXX CapEx. to and and it's expected additional range and the income, cash continued development, flow of In we commerce product year. lower fiscal strong. will offset in CapEx have versus compares of modernization. are are digital $XXX of cash on and this be million Capital that earnings Research constant expected development and and in important to our to investment by our above focused taxes, remains note to lower talent incentive $XXX higher $XXX in pensions corporate to XX% cash XXXX and 'XX. been since funded. cash million is currency and pension U.S. Wiley's $XXX frozen at Free
Back you, which to to back our Brian. global Wiley I more with Before want we WLYB WLY aligned is everyone that brand. our I to hand it ticker closely in changed to symbol April remind Brian, and
