Anick Jesdanun of the Associated Press reports Wednesday that ThomsonReuters reported an increase in revenues for the third quarter despite the current Wall Street turmoil and earnings that beat projections in its first full quarter as a combined company.
“Thomson Reuters reported adjusted revenue growth of 7 percent, to $2 billion, in its markets division, an area hurt by the financial crisis that accelerated late in the quarter.
“Excluding gains from currency-exchange rates, revenue growth in that division was 5 percent. That compares with growth of 9 percent in the first quarter and reflects the impact of the financial downturn.
“‘Clearly you see in the movement from 9 percent to 5 percent organic growth in markets, the effects of, yes, large customers going out of business and consolidation,’ Glocer said during a separate conference call with reporters.”
Read more here.
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