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Wolters Kluwer's Performance Improves

cch new logoCCH Tax & Accounting had a strong performance in tax software for its parent Wolters Kluwer in the third quarter ended September 30. The Netherlands-based company issued that report last week as part of a trading update for the most recently period. However, it said the gains at CCH were partially offset by reduced revenue from bank products and print formats.

Overall, third-quarter revenue from continuing operations increased by 4 percent at constant currencies and two percent in an organic basis. European companies like Wolters Kluwer, which issue first- and third-quarter updates, do not provide quarterly earnings or revenue results. However, the statement indicates that performance improved in the third quarter as results left nine-month revenue up 2 percent at constant currencies and 1 percent organically.

CCH Tax & Accounting was described as having positive organic growth for the most recently ended quarter. However, the statement did not say whether revenue for the unit grew. Wolters Kluwer said its European Tax & Accounting business saw organic revenue increases with good growth in tax and accounting software.

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