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 Cop ...

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. A live audio webcast will be available in the Investor Relations section of tr.com. Additionally, an archive of the webcast will be available following the presentation. SOURCE Thomson Re ...

Financial Data and Key Metrics Changes - Total company organic revenues rose 9% with the Big 3 segments growing by 10% [5] - Adjusted EBITDA increased 19% to $806 million, reflecting a margin improvement to 42.7% [17] - Adjusted earnings per share grew 30% from the prior year period to $1.11 [17] - Reported free cash flow was $271 million, up 101% from $133 million in the prior year period [50] Business Line Data and Key Metrics Changes - Legal organic revenue grew 7%, driven by AI momentum in Westlaw Precision and CoCounsel [8] - Tax & Accounting organic revenues grew 14%, with recurring and transactional growth of 14% and 15% respectively [9] - Corporate segment organic revenues grew 12%, up from 7% in the fourth quarter [18] - Reuters News organic revenue increased 17%, primarily driven by transactional revenue from generative AI content licensing agreements [22] Market Data and Key Metrics Changes - The company sold approximately 11.7 million shares of the London Stock Exchange Group, generating gross proceeds of $1.4 billion [7] - The company raised its 2024 annual dividend by 10% to $2.16 [7] - The company expects total revenue growth of 6.5% to 7% and organic revenue growth of 6% to 6.5% for 2024 [26] Company Strategy and Development Direction - The company is focused on innovation and expects long-term demand tailwinds for its business [6] - The company is committed to a balanced capital allocation approach and is assessing additional inorganic opportunities [7] - The company aims to expand its international footprint, currently at approximately 20% of revenue [42] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the strong start to the year but noted that revenue upside was driven largely by transactional revenue and seasonal offerings [15] - Management highlighted the importance of retention, M&A, and pricing as key factors for sustained revenue performance [32] - Management indicated that while Q1 was strong, they expect growth rates to return to more typical levels in Q2 [21] Other Important Information - The company expects technology, product, and acquisition integration spending to increase in the second quarter [23] - The company is optimistic about the performance of its Corporate segment, noting improvements in the sales pipeline [89] Q&A Session Summary Question: Outlook for the remainder of the year - Management highlighted four items necessary for continued strong revenue performance, including generative AI acceleration and retention rates [31][32] Question: Focus on new product development - Management discussed an ambitious product development roadmap, particularly in Legal with AI enhancements [60] Question: M&A capacity and strategy - Management confirmed they have the financial capacity for M&A and are focused on identifying strategic opportunities [40][65] Question: Seasonal nonrecurring boosts and their impact - Management acknowledged that some revenue boosts in Q1 were nonrecurring and expected margins to return to typical levels [49][68] Question: Competitive landscape regarding generative AI - Management noted a balanced mix of incumbents and startups in the competitive landscape for generative AI [111][113] Question: Changes in the Corporate segment - Management observed improvements in the Corporate segment's sales pipeline but emphasized the need for continued performance to build confidence [114][140]

Thomson Reuters (TRI) reported $1.89 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 8.5%. EPS of $1.11 for the same period compares to $0.85 a year ago.The reported revenue represents a surprise of +1.95% over the Zacks Consensus Estimate of $1.85 billion. With the consensus EPS estimate being $0.94, the EPS surprise was +18.09%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.09%. A quarter ago, it was expected that this news and financial information company would post earnings of $0.92 per share when it actually produced earnings of $0.98, delivering a surprise of 6.52%.Over the las ...

Investors are always looking for stocks that are poised to beat at earnings season and Thomson Reuters Corporation (TRI) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Thomson Reuters is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is ...

Analysts on Wall Street project that Thomson Reuters (TRI) will announce quarterly earnings of $0.94 per share in its forthcoming report, representing an increase of 10.6% year over year. Revenues are projected to reach $1.85 billion, increasing 6.4% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Thomson Reuters (TRI) , which belongs to the Zacks Technology Services industry, could be a great candidate to consider.This news and financial information company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 13.55%.For t ...

Rooted in Thomson Reuters trusted content, CoCounsel, the professional-grade GenAI assistant, will transform work and unify the entire customer experience with applications across legal, tax, risk & fraud, and media. Designed to enable professionals to accelerate and streamline entire workflows to increase efficiency, produce better work, and deliver more value for their clients. Thomson Reuters is today also adding new GenAI skills to CoCounsel's capabilities through Westlaw Edge UK with CoCounsel and Che ...

TORONTO, March 12, 2024 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI) will host its 2024 Investor Day in New York today beginning at 8:00 am EDT. The company's senior management team will deliver a series of presentations outlining the company's operating strategy, growth plans and capital structure, and include question-and-answer sessions for institutional investors and coverage analysts. Today's Investor Day materials include forward-looking information for Thomson Reuters. This forward-looking informa ...