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Bank Product Decline Cuts into CCH Results

Wednesday, 25 July 2012
News

Nancy McKinstry. Wolters KluwerA decline in bank product revenue and in tax publishing countered 4 percent organic growth in tax and accounting software for Wolters Kluwer's Tax & Accounting operations for the first half ended June 30. The result for the parent of CCH was flat organic revenue for the North American operations while a decline in high-margin bank product revenue at the company's Small Firm Services cut into the EBITA margin.

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