Annual Report for the year ended 30 April 2012

The report shows that our total sales for the year were £245 million, which is an increase of 3.8 per cent on last year, with an operating surplus of £3.4 million.

Sales of digital products increased by 50 per cent over the previous year, and, for the first time, academic materials delivered digitally exceeded 30 per cent of our academic output.

Our Education group delivered a record number of new publications with accompanying e-books, interactive digital books, apps or companion websites, and Touchstone, the digital and blended English language course, has continued its high growth with new adoptions by major institutions on several continents. Cambridge Books Online, our digital platform for academic books, has also seen another significant increase in sales over the last year.

The year to April 2012 saw us working even more closely with other parts of the University: scholars from across the research spectrum helped to drive a large-scale review of our academic publishing to ensure we continue to meet the needs of the researchers and the scholarly communities we serve.

We also deepened our existing collaborations with Cambridge Assessment, resulting in joint Cambridge English branding, joint product development and a joint exam preparation unit.