Tax & Accounting revenue for the most recently ended period was $272 million, compared to  $267 million a year earlier. The company saw a 2-percent drop in the segment’s EBITDA to $93 million, down from $95 million in last year’s corresponding period. All figures are on an IFRS basis.

“Importantly, Tax & Accounting has seen good momentum in its net sales performance over the last couple of quarters, which should translate into a slight acceleration of its recurring revenue growth rate in the fourth quarter,” CFO Stephane Bello said during the company’s recent earnings webcast.

The quarter marked the first one in which Thomson’s former Financial & Risk business, now operating as Recitiv, was separated from the company in a deal which closed October 1. Minus that operation, Thomson is a much smaller business. 

The company reported net income of $291 million for the most recently ended quarter, down 16 percent from $348 million a year earlier. Quarter revenue was $1.29 billion, an increase of 2 percent from $1.27 billion.

Bob Scott

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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