The update noted that growth in North American tax software "more than offset" what was called continued weakness in tax publishing and bank products. European revenue also improved despite the economic conditions there.

Trading updates provide key information about results but do not include reports of income and revenue. Wolters Kluwer, which is based in the Netherlands, reports results for the June half and for the year. The company did state that revenue was up 3 percent in constant currency and 1 percent organically.

In a prepared statement, chief executive Nancy McKinstry stated that, "Our performance in the third quarter was largely as anticipated, with our European operations facing a difficult macro-economic environment and our North American businesses maintaining their recent momentum. Growth in our online, software, and services products globally continues to support overall positive organic growth for the group."

Bob Scott

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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