The North American professional tax and accounting business had double-digit organic growth for the first quarter ended March 31, Wolters Kluwer said recently.
The company said growth was driven mainly by cloud software, including the CCH Axcess Suite. It also reported “continued strength of outsourced professional services and a favorable print book publishing schedule.”
The report was part of a trading update in which European companies often reporting percentage changes, but not actual revenues and profits, for the first and third quarters.
It also said software licenses and implementation revenue, was up 2-percent organically year-over-year, compared to 14-percent growth reported a year ago.
The Corporate Performance unit, comprised by CCH Tagetik and U.S. Corporate Tax also recorded double-digit organic growth,
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