Wolters Kluwers, parent to CCH, reported a period of flat revenue for the first half ended June 30 with profit down 5 percent over last year’s corresponding half company-wide revenue was about $2.24 billion, virtually unchanged when measured in euros. It Tax and Accounting business did better than the corporate average with revenue up 2.5 percent and EBITA up 1.6 percent. While not spelled out in financial tables, the company had 7 percent organic growth in its core tax market in North America.

The company reported results under both the old and new schemes. Under TAL, revenue grew to $633 million, up slightly from $625 million in last year’s corresponding period. EBITA for the unit of $169 million was virtually unchanged from $171 million a year earlier. Most of the revenue increase came from currency gains. Tax and Accounting results varied little from TAL with revenue rising to $639 million from $623 million. The major difference was that the new unit had organic revenue growth that exceeded gains from currency.

A press release mentioned last year’s launch by CCH of a SaaS-based version of the ProSystem fx Suite as well as its IntelliConnect platform, which replaced the Tax Research Network and Knowledge Connect, its knowledge management system. However, there was no characterization of the performance of any of these products, other than a statement that IntelliConnect has 200,000 customers worldwide.

In a Webcast, CEO Nancy McKinstry noted the tax growth in the American market and said there had been strong performance of ProSystem fx Document and Scan. Tax and Accounting, like other divisions, saw gains in online products offset by declines in the tax of print publishing products.