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Thomson Tax/Acc’ting Revs Rise 7%

 Revenue for Thomson Reuters Tax & Accounting Professionals increased by 7 percent for the third quarter ended September 30. The total was up 8 percent in constant currency and 12 percent organically, driven by Latin American sales, the company said this month

Sales reached $203 million for the most recently ended quarter, up from $190 million a year earlier. Adjust EBITDA hit $64 million, an increase of 8 percent, 10 percent in constant currency.

Latin American operations drove organic growth with recurring revenue rising by 2 percent, 9 percent organically. The company’s acquired Confirmation and SurePrep operations push up transactions revenue by 39 percent..

Company revenue rose by 1 percent to $1.59 billion from $1.57 billion in year’s corresponding period.

Bob Scott
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
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