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LATAM Leads Thomson Tax, Accounting Q1

Latin AmericaLatin American business was the strongest source of revenue growth for Thomson Reuters Tax & Accounting Professionals for the first quarter ended March 31. Thomson’s business there, Domino, saw revenue increase by 30 percent year-over-year the company said this week.

The company noted recurring revenue rose by 12 percent, reflecting strength in both Latin America and in sales of the UltraTax tax software line.

The segment had the largest growth of Thomson’s Big 3 segments. Tax & Accounting reported revenue of $253 million for the most recently ended period, an increase of 11 percent over $227 million a year ago.  That percentage was the same in constant currencies and for organic growth.

The revenue growth for the other two major segments was 8 percent for corporates and 3 percent for Legal.

Total Thomson revenue reached $1.67 billion, up 6 percent from $1.58 billion in last year’s corresponding period.

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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