Thomson Reuters, the parent of the Reuters news service, reported a 9% rise in second-quarter revenue on Wednesday, boosted by its three biggest business segments — legal, corporates and tax and accounting, reports Kenneth Li of Reuters.
Li reports, “Thomson Reuters said its second-quarter revenue rose to $1.95 billion, edging past estimates of about $1.9 billion. It said earnings per share excluding items rose to 99 cents. Wall Street had forecast earnings per share of 96 cents.
“The Toronto-based content and technology company said it had raised its full-year organic revenue forecast to around 8%, from a previous range of 7.5% to 8%.
“In July, Thomson Reuters announced the sale of 51% of its Global Print business to create a new joint venture with KKR to focus on its digital businesses and ‘fiduciary-grade AI’.
“Over the summer it will begin offering clients access to a new proprietary large language model built for professional work and trained on content from Westlaw, Practical Law, Checkpoint and Reuters, the company said last week.”
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