The product is “driving double-digit organic growth,” McKinistry said during the event. She noted the tax and accounting line is also attracting new customers but did not characterize the rate.

Earnings reached about $827.1 million for 2017, an increase of 37 percent from the prior year. Revenue increased to $5.45 billion, a rise of 3 percent from 2016. North American revenue was 61 percent of the total for 2017, representing 4-percent organic growth.

Worldwide tax and accounting revenue was roughly $1.55 billion, up 10.4 percent, while operating profit of $417.9, was up 8 percent from a year ago, 10 percent in constant currencies and 5 percent organically. North American tax and accounting revenue was 53 percent of the division total.

One area of strong growth was the new Corporate Performance Solutions unit, which includes TeamMate, the company’s audit software.The company said growth is moving from the high single digits into double-digit growth. A focus on growing the sales force worldwide is one of the factors driving revenue.

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