Revenue grew by 2% in STMS, 4% for P/T, and 2% for Global Education.EPS grew $0.34 to $0.80 in the quarter. Higher revenues, improved margins and a 9% reduction in operating and administrative expense is contributed to the result. Reduction and expense this is mainly due to cost savings initiative, lower accretive incentive compensation and lower bad debt provisions.
John Wiley & Sons' CEO Discusses F4Q2012 Results - Earnings Call Transcript
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