Reed Elsevier, under new name, continues to bank big bucks - TeleRead News: E-books, publishing, tech and beyond
abernard102@gmail.com 2016-03-01
Summary:
"Everyone’s favorite knowledge-hoarder, Reed Elsevier, has apparently had a very good 2015, based on its latest financial results. Trading since February 2015 under the new monicker REXL Group, Reed Elsevier reported 3 percent revenue growth and 5 percent underlying adjusted operating profit growth, spread 'across all four business areas,' and 'strong financial position & cash flow.' Revenue for the year totaled £5.97 billion ($8.28 billion) ..."