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Thomson Reuters’ Tax and Accounting business grew in the second quarter ended June 30. But the strong growth it has showed in previous quarters was dampened by a slowdown in its government market. Operating profit for tax and accounting fell by 3 percent while revenue was up by 6 percent over last year.

Operating profit for Tax and Accounting for the most recently ended quarter fell to $90 million, down from 498 million. Revenue was $327 million, up 1 percent from $324 million in last year’s corresponding period. Organic revenue rose by 6 percent and the total was up 5 percent in constant currencies.

“We have had a good first half of the year both operationally and financially,” CEO James Smith said in this week’s earnings webcast. “Our guidance for 2015 is to return to positive organic revenue growth on a constant currency basis and we are on our way to toward achieving that objective.”

Thomson continued to emerge from the drag of its financial services business. Smith said that business is starting to gain traction with the sector achieving its first quarterly increase in revenue in three years, an increase of 1 percent.

Overall, net profit was $405 million, an increase of 6 percent from $381 million in last year’s corresponding period. Company revenue reached $3.03 billion, a 4-percent drop from $3.16 billion a year earlier. However, revenue was up 2 percent before currency adjustments.

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