The company saw underling profit drop to $617 million from $669 million while revenue rose to $3.18 billion from $3.16 billion. Thomson's large legal business had a 3-percent increase in revenue.
Thomson Strong Tax And Accounting Results
Thomson Reuter's Tax and Accounting business turned in strong results for the second quarter ending June 30 with a 19-percent increase in operating profit and a 25-percent increase in revenue. Those operations were by far the strongest among Thomson's businesses with the parent company reporting an 8-percent drop in underlying profit and a 1-percent increase in revenue.
Operating profit for Tax and Accounting rose to $56 million in the most rcently ended quarter, up from $47 million a year ago. Revenue of $282 million compared to $229 million in last year's corresponding period. Acquisitions played a major role in the top-line growth with the organic revenue increase at 5 percent over the corresponding period in 2011.
