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CCH Axcess Cited in WK Results

CCH Axcess had strong organic growth during the nine months ended September 30, Wolters Kluwer said this week. The company said in a trading update that Tax & Accounting North America had 5-percent organic growth.

In trading updates, companies generally release percentage changes, but not actual amounts of revenue and earnings.

WK also said the purchases of XCM Solutions in September 2020 and Vanguard Software in May helped worldwide Tax & Accounting to an 8-percent increase in constant currencies, offset by the May divestment of ProSoft. The global Tax & Accounting business registered 6-percent organic growth.

The strongest product performance cited was the 15-percent organic growth for CCH Tagetik, the company’s corporate performance management application.

Bob Scott
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
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