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CCH Axcess Cited in WK Results

CCH Axcess had strong organic growth during the nine months ended September 30, Wolters Kluwer said this week. The company said in a trading update that Tax & Accounting North America had 5-percent organic growth.

In trading updates, companies generally release percentage changes, but not actual amounts of revenue and earnings.

WK also said the purchases of XCM Solutions in September 2020 and Vanguard Software in May helped worldwide Tax & Accounting to an 8-percent increase in constant currencies, offset by the May divestment of ProSoft. The global Tax & Accounting business registered 6-percent organic growth.

The strongest product performance cited was the 15-percent organic growth for CCH Tagetik, the company’s corporate performance management application.

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