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John Clendening, BlucoraBlucora bounced back to the black for the year ended December 31. The parent of TaxAct, Blucora reported 2017 earnings of $27 million, a swing from a loss of $65.2 million in 2016 as revenue rose by 12 percent.


Revenue rose to $509.6 million in the year just ended, compared to $455.9 million the prior year. Tax revenue rose to $160.9 million, a rise of 15 percent from $139.4. million.

The rest of revenue is from Blucora's Wealth Management segment: HD Vest. That revenue reached $348.6 million for 2017, a rise of 10 percent from $316.5 million.

CEO John Clendening noted in this week’s earnings webcast that although tax performed well, the company continues to lag the market. The company made its gains in an increase in revenue per users.

Last modified on Thursday, 15 February 2018
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