Led by the general books division, HarperCollins' annual revenues rose to $1.34 billion for the fiscal year ended June 30, a slight increase over the $1.31 billion reported in fiscal 2006. Operating income for fiscal 2007 declined by $8 million to $159 million. Despite the drop in full-year operating income, HarperCollins CEO Jane Friedman was upbeat, noting $21 million in operating income in the fourth quarter, a $27 million improvement over the same period in fiscal 2006.

Friedman declined to break out specific figures for each division, but said the fourth quarter rebound was driven by such bestsellers as The Dangerous Book for Boys and The Reagan Diaries. She also noted strong sales for Marley and Me and Sidney Poitier’s The Measure of a Man. “I’m very pleased and happy with where we ended,” said Friedman. “It's beyond what we thought we could do.”