Thomson Reuters

Sweet & Maxwell is a British publisher specialising in legal publications. It joined the Associated Book Publishers in 1969; ABP was purchased by the Thomson Organization in 1987, and is now part of Thomson Reuters. Its British group includes W. Green in Scotland and Round Hall in Ireland. Sweet & Maxwell publishes Westlaw-UK, as well as the Lawtel, LocalawUK, Legal Hub, and DocDel on-line services. It also published many well-regarded looseleafs and books.

Sweet & Maxwell

West is a business owned by Thomson Reuters that publishes legal, business, and regulatory information in print, and on electronic services such as Westlaw. Since the late 19th century, West has been one of the most prominent publishers of legal materials in the United States. Its headquarters is in Eagan, Minnesota; it also has an office in Rochester, New York, and had an office in Cleveland, Ohio, until it closed in 2010. Organizationally, West is part of the global legal division of Thomson Reuters.

West

Thomson Reuters Corp. engages in the provision of news and information for professional markets. It operates through the following segments: Legal Professionals, Corporates, Tax and Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment provides research and workflow products to law firms and government. The Corporates segment serves corporate customers with full suite of content-enabled technology solutions for in-house legal, tax, regulatory, compliance, and information technology professionals. The Tax and Accounting Professionals segment offers research and workflow products focusing on intuitive tax offerings and automating tax workflows to tax, accounting, and audit professional in accounting firms. The Reuters News segment supplies business, financial, national, and international news to professionals via desktop terminals. The Global Print segment offers legal and tax information primarily in print format to customers around the world. The company was founded in 1799 and is headquartered in Toronto, Canada.

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Thomson Reuters reported second-quarter earnings that topped Wall Street expectations on Thursday as revenue rose 6% and it continued to aggressively deploy artificial intelligence technology for its customers.

Thomson Reuters raises sales forecast as earnings top estimates

TORONTO , Aug. 1, 2024 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI) today reported results for the second quarter ended June 30, 2024: Good revenue momentum continued in the second quarter Total company and organic revenues both up 6% Organic revenues up 8% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals) Based on Q2 performance, raised full-year 2024 outlook for total and organic revenue growth to the high end of the prior ranges Completed monetization of interest in London Stock Exchange Group (LSEG) in the second quarter Completed $1.0 billion share buyback program Repurchased $287 million of the company's common shares in the second quarter "Good momentum continued across our portfolio in the second quarter, leading to a moderately raised revenue outlook," said Steve Hasker, President and CEO of Thomson Reuters. "Our 2024 investment plans remain on track as we execute against the ambitious product roadmap we detailed at our March investor day, exemplified by the July launches of CoCounsel Drafting and Checkpoint Edge with CoCounsel.

Thomson Reuters Reports Second-Quarter 2024 Results

PLANO, Texas , July 31, 2024 /PRNewswire/ -- QuickFee (ASX: QFE), a market-leading payments, financing, and accounts receivable automation provider for professional service firms, including 40% of the IPA Top 300, - today announced the launch of QuickFee Connect for Thomson Reuters Practice CS customers. QuickFee Connect is a cloud-based platform that integrates with leading practice management solutions and automates the entire engagement-to-cash workflow for accounting firms, streamlining each step in the process from invoice delivery to payment processing and reconciliation.

QuickFee Launches Thomson Reuters Practice CS Integration with QuickFee Connect

Evaluate the expected performance of Thomson Reuters (TRI) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

What Analyst Projections for Key Metrics Reveal About Thomson Reuters (TRI) Q2 Earnings

Kyndryl Holdings

Investors interested in Technology Services stocks are likely familiar with Kyndryl Holdings, Inc. (KD) and Thomson Reuters (TRI). But which of these two stocks is more attractive to value investors?

KD vs. TRI: Which Stock Is the Better Value Option?

Docebo

TFI International

On July 11, private equity firm Platinum Equity Advisors announced that it would acquire Héroux-Devtek (OTCMKTS: HERXF ), a Quebec-based aerospace firm. The $1.35 billion deal is one of the many Canadian acquisition targets that are or should be on American firms' buy lists.

M&A Watch: 3 Canadian Companies That Should Be on American Firms' Buy Lists

Futu Holdings

Investors looking for stocks in the Technology Services sector might want to consider either Futu Holdings Limited Sponsored ADR (FUTU) or Thomson Reuters (TRI). But which of these two companies is the best option for those looking for undervalued stocks?

FUTU vs. TRI: Which Stock Should Value Investors Buy Now?

The Thomson Reuters Future of Professionals report shows knowledge workers are optimistic about significant boosts to productivity, with AI poised to redefine workflows, drive innovation, and unlock new opportunities for growth Critical time savings: Survey respondents predict AI to free up 12 hours per week within the next five years, with four hours per week saved in the next year alone – the equivalent of adding an additional colleague for every 10 team members. For a U.S. lawyer, this could translate to an additional $100,000 in billable hours.

AI set to save professionals 12 hours per week by 2029

Alphabet

Moody's

Google is partnering with third-party data sources to help ground AI responses and minimize hallucinations. Data from Moody's, MSCI, Thomson Reuters and Zoominfo will be incorporated next quarter.

Google partners with Thomson Reuters, Moody's and more to give AI real-world data

Conference call and webcast scheduled for 8:30 a.m. EDT TORONTO , June 27, 2024 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI) announced today its second-quarter 2024 earnings will be issued via news release on Thursday, August 1, 2024.

Thomson Reuters Second-Quarter 2024 Earnings Announcement and Webcast Scheduled for August 1, 2024

Investors interested in Technology Services stocks are likely familiar with Futu Holdings Limited Sponsored ADR (FUTU) and Thomson Reuters (TRI). But which of these two companies is the best option for those looking for undervalued stocks?

FUTU or TRI: Which Is the Better Value Stock Right Now?

TORONTO , June 6, 2024 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI) today announced the voting results for the election of the company's Board of Directors at its annual meeting of shareholders held in-person yesterday. All 13 nominees were elected to the Thomson Reuters Board of Directors, and each director elected will continue to hold office until Thomson Reuters' next annual meeting of shareholders, or until the director resigns or a successor is elected or appointed.

Thomson Reuters Announces Voting Results for Election of Directors

Thomson Reuters has seen strong adoption rates for its AI-related products, leading to faster-than-expected organic EPS growth. The company's revenue growth of 8.5% in 1Q24 was solid, with organic growth at 9% and EBITDA margins expanding. TRI's rollout of generative-AI products should continue to drive growth.

Thomson Reuters: Retain Buy Rating As Organic Growth Outlook Remains Positive

SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Cellworks Group Inc., a leader in Personalized Therapy Decision Support and Precision Drug Development, today announced it has opened a CLIA-certified computational laboratory in Franklin, Tennessee. CLIA (Clinical Laboratory Improvement Amendments) is administered under the Centers for Medicare and Medicaid Services and provides oversight for clinical lab testing in the United States. Prominent academic and biotech leader Dr. Michael Donovan, PhD M.

Dr. Michael Donovan Joins Cellworks to Oversee Personalized Cancer Therapy Biosimulation in New CLIA-Certified Lab

Thomson Reuters CoCounsel and Microsoft Copilot for Microsoft 365 will provide professionals with an improved AI experience - taking GenAI assistant know-how to the next level. As previewed at the Microsoft Build 2024 Keynote – watch here TORONTO , May 21, 2024 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI), a global content and technology company, today brought to life the combined power of Thomson Reuters CoCounsel, its professional-grade AI Assistant with deep subject-matter expertise, with Microsoft Copilot, Microsoft's AI companion.

Thomson Reuters showcases the power of CoCounsel combined with Microsoft Copilot during the 2024 Microsoft Build keynote

TORONTO , May 16, 2024 /PRNewswire/ -- Mike Eastwood, Chief Financial Officer and Erin Brown, Head of Finance, Corporates of Thomson Reuters (TSX/NYSE: TRI) will both present at the CIBC Technology & Innovation Conference on Wednesday, May 22, 2024 at 1:30 p.m. EDT. The presentation may include forward-looking information.

Thomson Reuters to Present at CIBC Technology & Innovation Conference

TORONTO , May 15, 2024 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI) announced today that it and certain investment funds affiliated with Blackstone collectively sold 17.3 million London Stock Exchange Group PLC (LSEG) shares that they co-own for a price of £91.50 per share. The sale was conducted through a placement to institutional investors and an offer to retail investors.

Thomson Reuters Announces Sale of Remaining Stake in London Stock Exchange Group

Rocket Companies, Inc.

Malhotra is a proven technology leader with decades of experience in engineering, product development and AI strategy for tech and media companies, including Thomson Reuters, Intel and Qualcomm DETROIT , May 6, 2024 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company including mortgage, real estate and other financial service businesses, today announced Shawn Malhotra as its first ever group Chief Technology Officer (CTO), effective May 6, 2024. In this role, Malhotra will oversee the development and implementation of technology across the entire Rocket Companies' ecosystem, including Artificial Intelligence (AI) development, Data Science, Product Engineering, Technology Operations and Information Security – among other areas.

Rocket Companies Hires AI Innovator Shawn Malhotra as Chief Technology Officer

Thomson Reuters Corporation (NYSE:TRI ) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Gary Bisbee - Head, IR Stephen Hasker - President, CEO & Director Michael Eastwood - CFO Conference Call Participants Drew McReynolds - RBC Capital Markets Aravinda Galappatthige - Canaccord Genuity Manav Patnaik - Barclays Bank Scott Fletcher - CIBC Stephanie Yee - JPMorgan Chase & Co. Vince Valentini - TD Cowen Tim Casey - BMO Capital Markets Sami Kassab - BNP Paribas Exane Kevin McVeigh - UBS George Tong - Goldman Sachs Group Toni Kaplan - Morgan Stanley Heather Balsky - Bank of America Merrill Lynch Operator Good day, and welcome to the Thomson Reuters First Quarter Earnings Call. As a reminder, today's call is being recorded.

Thomson Reuters Corporation (TRI) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Thomson Reuters (TRI) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Thomson Reuters (TRI) Reports Q1 Earnings: What Key Metrics Have to Say

Thomson Reuters (TRI) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.85 per share a year ago.

Thomson Reuters (TRI) Beats Q1 Earnings and Revenue Estimates

TORONTO , May 2, 2024 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI) today reported results for the first quarter ended March 31, 2024: Revenue momentum continued in the first quarter Total company revenues up 8% / organic revenues up 9% Organic revenues up 10% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals) Based on Q1 performance, moderately raised 2024 outlook for total and organic revenue growth Maintained guidance on all other metrics Sold 10.1 million shares of London Stock Exchange Group (LSEG) in the first quarter for gross proceeds of $1.2 billion Raised annual common dividend by 10% to $2.16 Repurchased over $350 million of the company's common shares in the first quarter Current $1.0 billion share buyback program expected to conclude by end of the second quarter of 2024 "We have delivered an encouraging start to 2024, underscored by a strong financial performance and raised outlook, building on the momentum of the past year," said Steve Hasker, President and CEO of Thomson Reuters. "As we chart our course through 2024, we remain committed to investing in content-driven technology that helps professionals make complex decisions with confidence.

Thomson Reuters Reports First-Quarter 2024 Results

Thomson Reuters (TRI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Thomson Reuters (TRI) Ahead of Earnings?

Besides Wall Street's top -and-bottom-line estimates for Thomson Reuters (TRI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.

Ahead of Thomson Reuters (TRI) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Q1 2024 NAV up +11% Dynamic implementation of new strategic directions Net asset value as of March 31, 2024: €7,912 million or €178.1 per share, up +11.2% since December 31, 2023 Q1 2024 consolidated net sales: €1,848 million, up +11.7% overall and up +6.9% organically Strong organic growth of CPI (+9.7%) and Bureau Veritas (+8.0%) Strong total growth of Stahl (+9.8%), with a return to organic growth Scalian total growth of +1.3%, impacted by the slowdown in growth observed in the engineering/IT services market, amplified by an unfavorable seasonality effect ACAMS first quarter down -3.1%, tied to timing effects expected to be offset over the year Implementation of new strategic directions Sale of 9% of Bureau Veritas' share capital, with favorable conditions, generating approximately 1.1 billion euros of gross proceeds This partial monetization, in line with Wendel' strategy of active portfolio management, was carried out at a price of €27.127 per share, or a discount of only 3%, close to its value in the March 31, 2024 NAV Wendel remains Bureau Veritas' largest shareholder and controlling shareholder and reiterates its full confidence in Bureau Veritas' strategy Strong financial structure Total liquidity of €3.2bn as of March 31, 2024, including €2.3bn of cash and €875 million available under the committed credit facility (fully undrawn) Pro forma for the sale of the 9% stake in Bureau Veritas and the dividend paid by CPI in April 2024, cash available is €3.5 billion LTV ratio of 0.6% as of March 31, 2024 and -5.1% proforma of IK Partners acquisition, sponsor money commitments, the remainder of the share buyback program, BVI disposal and CPI dividend Share buyback: c. 475,000 shares, totaling €39.5 M, already bought back as of April 24, 2024 under the €100 M program launched on October 27, 2023.

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