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Thomson Reuters Corp (3)
Symbol TRI
Shares Issued 451,286,095
Close 2024-05-02 C$ 222.72
Market Cap C$ 100,510,439,078
Recent Sedar Documents

Globe says Q1 results help Thomson Reuters's confidence

2024-05-03 07:48 ET - In the News

The Globe and Mail reports in its Friday edition that Thomson Reuters raised its revenue projections modestly for the year and increased its dividend after a strong first quarter, even as company leaders are watching for warning signs that corporate customers could press pause on new software purchases while a period of high interest rates drags on. The Globe's James Bradshaw writes that the information and software provider reported revenue increased 8 per cent to $1.89-billion, which included 9-per-cent growth from its three largest businesses that serve legal, corporate, tax and accounting clients (all figures U.S.). The fast start to the year gave Thomson Reuters the confidence to nudge the top end of their expectations for revenue growth this year half a percentage point higher, to as much as 7 per cent. After saying for several quarters that it was taking longer to close new software contracts with corporate clients, "the first quarter showed a bit of a reprieve of that, and we're hopeful that that indicates better trading conditions for us for the rest of this year and into next," chief executive officer Steve Hasker told The Globe. The company earned $481-million in Q1, down from $756-million in Q1 last year.

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