Operating profit for the division was about $160 million, a decrease of 22 percent from last year's corresponding period. The North American business represents 58 percent of the division's revenue.

The company said CCH ProSystem fx showed steady organic growth while the cloud-based CCH Axcess continued to see growth among medium and large firms. It also cited CCH iFirm, a new practice management tool for small firms, as generating new revenue while the sale of bank products continued to fall.

Wolters Kluwer also said its research platform, CCH IntelliConnect, saw improved renewal rates after last year's introduction of CCH CodeConnect.

"We are encouraged by prformanc of our digital tax research platform CCH IntelliConnect following a series of enhancments," CEO Nancy McKinstry said in a prepared statement.

The company's net profit reached about $222 million, up 23 percent from last years corresponding period. World-wide revenue for the most recently ended period was $2.82 billion, up 1 percent from a year earlier. The totals were up 3 percent in constant currency and organic growth.