It may still be a tough economy, but in its annual report released this week Oxford University Press posted strong growth. Globally, OUP saw a 10% growth in sales, with sales hitting £695 million—that’s over $1 billion for the fiscal year ended March 31, making a billion dollar university press. In addition, strong sales growth, combined with “effective cost management” yielded a profit of $180 million (or, a “surplus” of £116m, as the report states, as OUP is a non-profit institution).

This short item from PW suggests that OUP isn’t hurting much from all that rampant fair use out there among university libraries.