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Thomson Tax/Acct’ing Rises 16%

 Revenue for Thomson Tax and Accounting rose to $328 million for the first quarter ended March 31, an increase of 16 percent of $282 million over last year’s corresponding period.

The unit’s revenue increased by 17 percent in constant currency and 12 percent organically.

The company pointed to strong seasonal demand for tax and audit products. CEO Mike Hasker cited UltraTax, SurePrep, Confirmation and the Latin American business, all as key contributors. The Corporates segment notched revenue of $507 million, rising 17 percent from $435 million. The total rose 16 percent in constant currency and 12 percent organically.

Overall, Thomson reported $1.89 million in revenue for the most recently ended period, up 8 percent from $1.74 billion a year ago. The company warned the quarter benefited from strong transaction and seasonal revenue not likely to be repeated in the rest of the year.

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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