Estimated reading time: 0 minutes, 34 seconds

John Clendening, BlucoraBlucora bounced back to the black for the year ended December 31. The parent of TaxAct, Blucora reported 2017 earnings of $27 million, a swing from a loss of $65.2 million in 2016 as revenue rose by 12 percent.

Revenue rose to $509.6 million in the year just ended, compared to $455.9 million the prior year. Tax revenue rose to $160.9 million, a rise of 15 percent from $139.4. million.

The rest of revenue is from Blucora's Wealth Management segment: HD Vest. That revenue reached $348.6 million for 2017, a rise of 10 percent from $316.5 million.

CEO John Clendening noted in this week’s earnings webcast that although tax performed well, the company continues to lag the market. The company made its gains in an increase in revenue per users.

Last modified on Thursday, 15 February 2018
Read 1433 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline