And W.Kluwer Are In Profit Too

Just saw this come in via Bloomberg…


Income and profits are up and the interesting figure to spot is the fact that Electronic Revenue is up by 7%

Wolters Kluwer NV, publisher of medical, legal and accounting journals, has reported a 4 percent rise in full-year profits in 2010 as customers migrated from print to online and electronic products.

Net income rose to euro444 million ($606.8 million) from euro427 million in 2009. Sales also rose 4 percent to euro3.556 billion ($4.86 billion) from euro3.425 billion a year earlier. Electronic revenue was up 7 percent.

The publisher says it will buy back shares worth euro100 million during 2011 and increase its dividend to euro0.67 per share.

CEO Nancy McKinstry said in a statement Wednesday the company will focus on increasing its online, software and services segments while broadening its geographic reach.