Wolters Kluwer reported revenue for the first half ended June 30, rose by 6 percent in constant currency and 5 percent organically, year-over-year. The total was roughly $2.68 billion for the most recently ended period, down one percent as currency took a bit out of results.First half profit reached approximately $423.3 million, off 4 percent from last year’s corresponding period
Tax & Accounting reported about $257.5 million in operating profit, an increase of 4 percent; 10 percent inconstant currency and 7 percent organically. The unit’s revenue was approximately $826.6 million, rising 3 percent; 7 percent in constant currency and 6 percent organically. Results were helped by the timing to the tax season in the United States.
North American revenue—62 percent of the company total—grew 5-percent organically. North American Tax & Accounting revenue, which represents 50 percent of the divisional total, also increased by 5 percent. Besides tax season, other factors were renewals for the CCH Axcess suite, which the company said, “were strong and new sales conditions have started to improve.”
