Tax and Accounting reported $96 million in operating profit for the most recently ended quarter, up from $84 million a year earlier. EBDITA rose to $128 million, a 10-percent increase from $115 million in last year's corresponding period while revenue hit $373 million in the first quarter, an increase of 7 percent at current currency rates over the prior year's $348 million.
In this week's earnings webcast, CFO Stephane Bello said Tax and Accounting's Professional segement had a 12-percent increase in organic revenue and a 9-percent rise in corporate organic revenue.
Net income hit $320 million, a 10-percent increase from $292 million in last year's first quarter. But currency pushed the company's top line around. First-quarter revenue was up 2 percent in constant currencies, but down 3 percent after currency adjustments. At current rates, revenue reached slightly more than $3 billion, down from $3.13 billion in last year's first quarter.