After enduring a difficult fiscal 2009 during which the company underwent a significant restructuring and saw sales and profit fall, HarperCollins reported that total revenue for the fiscal year ended June 30 rose 11.1%, to $1.27 billion, and profits jumped to $88 million from $17 million in fiscal 2009. In the U.S., all divisions posted gains over fiscal 2009 with the general books group and children’s division far exceeding expectations, president Brian Murray said in a statement.
The increase in the adult group was led by Going Rogue, Pirate Latitudes and The Carrie Diaries plus a 250% jump in e-book sales. The children’s group was led by sales of Where the Wild Things Are, The Vampire Diaries and L.A. Candy. Murray said that as the marketplace moves from print to digital, HC continues “to reposition the company to meet the emerging digital market by investing in new businesses, new content and in new skills, while simultaneously streamlining operations to improve efficiencies.”
