No revenue or growth levels were reported for the individual products. However, Thomson said transactions revenue grew by 27 percent year-over-year, 12 percent organically. Recurring revenue, which represents 73 percent of the segment’s revenue rose 1 percent, 9% organically.
SurepPep was acquired in January while Confirmation was purchased two years ago. Overall, Tax & Accounting reported $229 million for the half, an increase of 5 percent from $217 million in last year’s corresponding period. Growth rose by 10 percent organically.
The Corporates segment had revenue for $392 million for the most recently ended period, up 5 percent from $373 million., up 7 percent organically. Corporates includes products for corporations and the seven largest accounting firms.
Thomson had $894 million in net income for the second quarter, compared to a loss of $115 million in last year’s corresponding period. Revenue for the most recently ended period was $1.65 billion, a 2-percent increase from $1.51 billion a year ago.