"As we enter the new fiscal year, we believe many of the factors causing the industry-wide slowdown during the second half of fiscal 2001 are likely to abate." Mr. [William J. Pesce] continued, "Assuming favorable market conditions and stable foreign exchange rates, we anticipate solid organic revenue growth in the high single digits in fiscal 2002. EPS growth is expected to increase at or slightly above the revenue growth rate. Specifically, we expect revenues from our online service, Wiley InterScience to increase. Strong demographics and a solid spring adoption season bode well for our Higher Education business. In our Professional/Trade segment, we anticipate a strong performance in Europe, complemented by an active tax year in the States that should fuel growth for our market-leading J.K. Lasser and Ernst & Young tax guides. With our healthy balance sheet and proven track record, we will continue to pursue strategically sound acquisitions to complement our organic growth," Mr. Pesce concluded. STM - In fiscal 2001, Wiley accelerated the migration of its STM business to an electronic environment. Wiley InterScience (www.interscience.wiley.com), our online service, continued to rapidly gain customer acceptance. Wiley InterScience has a base of more than 260,000 registered users among individual, academic, corporate, government, and other institutional accounts that provide access to nearly six million scientists, academics, and professionals worldwide. Within three years, the compan...

John Wiley Sons, Inc. Reports Fiscal 2001 Results: Earnings Per Share Increased 15% for the Year