Thomson Reuters reported higher revenue for the third quarter on Tuesday, boosted by investments in artificial intelligence products in its legal and tax and accounting divisions, reports Kenneth Li of Reuters.
Li reports, “The Toronto-based content and technology company reaffirmed its full year 2025 guidance of a 7% to 7.5% rise in organic revenue, which tracks income from existing businesses on a constant currency basis.
“‘Our third-quarter results reflect continued momentum and the ongoing execution of our AI-driven innovation strategy,’ Thomson Reuters Chief Executive Steve Hasker said in a statement after the results were released.
“The owner of Westlaw legal database, Reuters news agency and the Checkpoint tax and accounting service reported third-quarter adjusted earnings per share of 85 cents, exceeding Wall Street expectations, according to LSEG data.”
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