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WK Tax, Acc’tng Revs Up 8 Percent

Revenue for Wolters Kluwer Tax & Accounting rose 8 percent for the half ended June 30. The company noted that cloud growth for the segment rose by double digits.

The divisional total was roughly $804.6 million with Tax & Accounting North America representing 61 percent of division revenue. Organic revenue on this continent grew by 9 percent 

The company made general comments about products performance citing what it called “continued strong customer uptake” of CCH Axcess Document, Practice, and Workstream. It also said  “ProSystem fx Engagement continued to perform.” 

Company-wide revenue was $2.98 billion for the most recently ended half, up 4.8 percent—4 percent in constant currencies and 6 percent organically. Profit for the period was approximately $524.5 million, a 2 percent increase and rising the same amount organically.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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