Fiscal year
adjusted revenue, which excludes the results of the divested consumer
publishing programs and the impact of foreign exchange, grew 1%. Revenue
growth on a U.S. GAAP basis was essentially flat excluding foreign
exchange.
Adjusted free
cash flow of $270 million, up from $260 million in FY12, including some
timing benefits. Adjusted free cash flow excludes a $42 million disputed
income tax deposit paid to the German tax authorities in fiscal year 2013. Fiscal Year 2014 outlook is for low single-digit revenue growth, excluding divested consumer .publishing programs, and adjusted EPS in a range of $2.85 to $2.95, which excludes all consumer programs, restructuring, impairment and other unusual items.
