The update noted that growth in North American tax software "more than offset" what was called continued weakness in tax publishing and bank products. European revenue also improved despite the economic conditions there.

Trading updates provide key information about results but do not include reports of income and revenue. Wolters Kluwer, which is based in the Netherlands, reports results for the June half and for the year. The company did state that revenue was up 3 percent in constant currency and 1 percent organically.

In a prepared statement, chief executive Nancy McKinstry stated that, "Our performance in the third quarter was largely as anticipated, with our European operations facing a difficult macro-economic environment and our North American businesses maintaining their recent momentum. Growth in our online, software, and services products globally continues to support overall positive organic growth for the group."