Revenue for Tax and Accounting reached about $1.73 billion for 2020, up 3 percent in constant currencies, 2 percent organically. Operating income for the segment rose 11 percent to roughly $52 million, up 12 percent both in constant currencies and organically.
“New sales were challenged by a cautious spending pattern,” CEO Nancy McKinstry said in the company’s recent earnings webcast.
WK’s revenue for the most recently ended year was approximately $5.55 billion, virtually unchanged from 2019 and representing an increase of 1 percent in constant currencies, 2 percent organically.
The only products mentioned by name, Tagetik and Teammate, had an 8-percent rise in revenue over the prior year, down from double-digit growth, McKinstry sad.