以下文章来源于华尔街见闻 ，作者鲍奕龙 华尔街见闻 . 华尔街见闻App是中国领先的金融信息和商业资讯提供商，为用户甄选国内和全球重要资讯，7*24小时 全年不间断。 人工智能领域的一次常规更新引发了法律软件板块的剧烈震荡。 Anthropic上周五为其Claude Cowork AI代理推出的法律插件，在周二触发了相关股票的集体暴 跌，多只个股跌幅超过15%。 这家Claude AI聊天机器人的开发商推出的 新工具能够执行多项文书工作，包括追踪合规事项和审 阅法律文档。这些功能正是许多法律软件产品的核心所在。 摩根士丹利分析师 Toni Kaplan等人 在一份关于汤森路透的报告中写道： Anthropic为其Claude Cowork AI代理在法律领域推出了新功能，加剧了该领域的竞争。我们认为 这是竞争加剧的迹象，因此可能带来负面影响。 周二第一波抛售潮主要集中在与法律和数据服务技术相关的股票上，随后大部分软件板块和金融科 技板块也纷纷跟跌。 由于市场对商业发展公司和华尔街大型另类投资公司的股票普遍持有软件业务 的担忧加剧，这些公司的股票也遭受重创。 当日软件、金融服务和资产管理行业的股票市值总共蒸发了 ...

Shares of Amazon, which had announced a $200 billion capital expenditure outlay, slid 7% on Friday, while Alphabet lost 3% after the company said on Wednesday that capital spending could double this year. Meta Platforms was down ‌1.3%. Other heavyweight technology ‌companies, however, were trading higher: Nvidia rose 7%, Microsoft gained 1% and Tesla was up 4%. The benchmark S&P 500 added 1.6% while the Nasdaq rose 2% although both indexes are set to ‌finish the week lower. "The market's viewpoint is that ...

Core Insights - Thomson Reuters is a global leader in business information services, operating in segments such as Legal Professionals, Corporates, and Tax and Accounting Professionals, competing with major players like Bloomberg and RELX Group [1] - The company reported a 5% increase in revenue for Q4 fiscal 2025, reaching $2.009 billion, surpassing estimates [2][6] - Despite a 43% decline in GAAP diluted earnings per share, adjusted EPS rose by 6% to $1.07, exceeding the estimate of $1.06 [2][6] - Adjusted EBITDA improved by 8% to $777 million, with the margin increasing to 38.7% from 37.6% [4][6] Financial Performance - Operating profit fell by 25% to $540 million, primarily due to previous gains from the sale of FindLaw [3] - Recurring revenue increased by 6%, accounting for 84% of total revenue, while transaction revenue rose by 11% [3] - Net cash from operations surged by 35% to $756 million, and free cash flow also saw significant growth [4] Stock Performance - The current stock price of Thomson Reuters is $89.64, reflecting an increase of approximately 1.50% or $1.33 [5] - The stock has fluctuated between a low of $85.14 and a high of $90.07 today, with a market capitalization of approximately $39.89 billion [5]

Financial Performance - Suncor reported adjusted operating earnings of $1.33 billion, or $1.10 per share, a decrease from $1.57 billion, or $1.25 per share in the prior-year quarter [1] - ATS Corp. achieved a net income of $30.0 million, up from $6.5 million a year ago, with revenue increasing nearly 17% [4] - CGI Inc. reported a first-quarter profit of $442.0 million, slightly up from $438.6 million a year earlier, with revenue rising nearly 8% to $4.08 billion [8] - Thomson Reuters reported a fourth-quarter profit of $332 million, down from $587 million a year earlier, with revenue totaling $2.01 billion, up from $1.91 billion [11][13] - BCE Inc. reported a fourth-quarter profit attributable to common shareholders of $594 million, compared to $461 million a year earlier, with profit per share increasing from 51 cents to 64 cents [14] Adjusted Earnings - ATS reported adjusted earnings of 48 cents per share, up from 32 cents per share a year earlier [5] - CGI's adjusted earnings were $2.12 per diluted share, an increase from $1.97 per diluted share a year ago [8] - Thomson Reuters reported adjusted earnings of $1.07 per share, up from $1.01 per share a year earlier [13] Revenue Growth - Suncor's operating revenues were $12.04 billion, down from $12.53 billion [2] - ATS's revenue for the quarter totaled $760.7 million, up from $652.0 million [5] - CGI's revenue increased to $4.08 billion from $3.79 billion [8] - Thomson Reuters' revenue rose to $2.01 billion from $1.91 billion [13] Strategic Developments - CGI announced a collaboration deal with OpenAI to expand the use of artificial intelligence across its business [9]

The Anthropic AI logo is displayed on a mobile phone with a visual digital background.The software sector faced renewed market concerns this week after artificial intelligence company Anthropic released new AI tools, triggering a sell-off in software-as-a-service and data provider stocks. Anthropic's new AI tools, built for its Claude "Cowork" AI agent, are designed to handle complex professional workflows that many software and data providers sell as core products.The tools and other similar AI agents targ ...

Core Insights - The company expresses confidence in its ability to leverage proprietary content and expertise to deliver professional-grade AI solutions, particularly in the legal sector, amidst growing competition in AI [1][5][6] - The company has reported strong financial results for 2025, with organic revenue growth of 7% and an adjusted EBITDA margin of 39.2%, indicating solid operational performance [7][12][14] - The company is committed to a balanced capital allocation strategy, including a 10% increase in annual dividends and ongoing share repurchase programs, while maintaining a strong liquidity position with $11 billion of capital capacity through 2028 [11][28][30] Financial Performance - Full-year organic revenue grew 7%, driven by a 9% increase in the Big Three segments, with adjusted EBITDA increasing by 6% to $2.9 billion [12][13][14] - Fourth quarter organic revenues also grew 7%, with legal organic revenue increasing by 9%, supported by strong performance from Westlaw and co-counsel products [12][23][24] - Free cash flow for 2025 was reported at $1.95 billion, slightly exceeding expectations, driven by EBITDA growth [27] AI and Innovation - The company is focusing on AI-driven workflows, with plans to integrate advanced AI capabilities into its legal and tax offerings, which are seen as significant growth opportunities [6][9][10] - The launch of Westlaw Advantage has been successful, with early sales indicating a new standard in legal research capabilities [5][42] - The company has developed over 300 AI use cases across various departments, demonstrating a commitment to leveraging AI for operational efficiency [17][18] Capital Allocation and M&A Strategy - The company executed a $1 billion share repurchase program and completed four acquisitions for approximately $850 million in 2025, enhancing its capabilities in key segments [29][30] - The company aims to return 75% of its free cash flow to investors in 2026, indicating a strong commitment to shareholder value [46][30] - The company maintains a cautious approach to M&A, focusing on strategic acquisitions that enhance customer experience and align with its long-term goals [55][56] Market Position and Competitive Advantage - The company believes its unique content sets and deep domain expertise create a significant barrier to entry for competitors in the legal research space [41][40] - The percentage of annualized contract value from GenAI-enabled products has increased to 28%, reflecting the growing integration of AI into the company's offerings [24][72] - The company sees a strong demand for its AI-driven tools across all firm sizes, indicating a broad market appeal and potential for growth [71]

Thomson Reuters (NYSE:TRI) Q4 2025 Earnings call February 05, 2026 08:30 AM ET Company ParticipantsGary Bisbee - Head of Investor RelationsMike Eastwood - CFOSteve Hasker - CEOConference Call ParticipantsAndrew Steinerman - AnalystAnna Wu - AnalystAravinda Galappatthige - AnalystBrendan Lynch - AnalystDoug Arthur - AnalystDrew McReynolds - AnalystJason Haas - AnalystKevin McVeigh - AnalystStephanie Price - Equity Research AnalystTim Casey - AnalystToni Kaplan - Senior Equity Research AnalystOperatorGood day ...

Thomson Reuters (NYSE:TRI) Q4 2025 Earnings call February 05, 2026 08:30 AM ET Company ParticipantsGary Bisbee - Head of Investor RelationsMike Eastwood - CFOSteve Hasker - CEOConference Call ParticipantsAndrew Steinerman - AnalystAnna Wu - AnalystAravinda Galappatthige - AnalystBrendan Lynch - AnalystDoug Arthur - AnalystDrew McReynolds - AnalystJason Haas - AnalystKevin McVeigh - AnalystStephanie Price - Equity Research AnalystTim Casey - AnalystToni Kaplan - Senior Equity Research AnalystOperatorGood day ...

Thomson Reuters (NYSE:TRI) Q4 2025 Earnings call February 05, 2026 08:30 AM ET Speaker10Good day, everyone, and welcome to the Thomson Reuters fourth quarter earnings call. Today's conference is being recorded. At this time, I'd like to turn the call over to Gary Bisbee, Head of Investor Relations. Please go ahead.Speaker6Thank you, Melinda. Good morning, and, and thank you, everyone, for joining us today for our fourth quarter 2025 earnings call. I'm joined today by our CEO, Steve Hasker, and our CFO, Mike ...

Thomson Reuters (TRI) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +1.42%. A quarter ago, it was expected that this news and financial information company would post earnings of $0.81 per share when it actually produced earnings of $0.85, delivering a surprise of +4.94%.Over the la ...