Core Insights - The Thomson Reuters Future of Professionals report indicates that knowledge workers are optimistic about AI's potential to enhance productivity and redefine workflows, with significant time savings anticipated [1][3][13] Productivity - Survey respondents predict AI could save them up to 12 hours per week within the next five years, translating to approximately 200 hours annually, equivalent to adding an extra colleague for every 10 team members [1][3][22] - For U.S. lawyers, this time savings could result in an estimated $100,000 in additional billable hours annually [1][3][22] - 77% of professionals believe AI will have a high or transformational impact on their work over the next five years, a 10 percentage point increase from the previous year [3][13] - 79% of professionals anticipate significant or moderate improvements in innovation within their companies over the next five years [1][6] Responsibility - A majority (95%) of professionals agree that AI should not represent clients in court or make final decisions on complex matters, emphasizing the need for human oversight [7][24] - 57% of professionals support the introduction of certification processes for AI systems, while 55% believe industry bodies should develop standards [7][24] Value - 78% of professionals view AI as a "force for good," recognizing its potential to enhance efficiency and create new value in their work [1][13] - The top areas where professionals expect improvements over the next five years include more innovation (79%), more time for engaging work (66%), greater opportunities for skill building (57%), and improved work-life balance (51%) [6][13]

Core Points - Thomson Reuters will release its second quarter 2024 earnings on August 1, 2024 [1] - A conference call and webcast will be held on the same day at 8:30 a.m. EDT, hosted by the CEO and CFO [4] - The company provides trusted content and technology for professionals in various sectors, including legal, tax, accounting, compliance, government, and media [3] Company Overview - Thomson Reuters combines specialized software and insights to empower professionals with necessary data and solutions for informed decision-making [3] - Reuters, as part of Thomson Reuters, is recognized as the world's leading provider of trusted journalism and news [3]

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. | --- | --- | --- | --- | |-------------------------|-------------------------------------------------|-------------|-------------------------------------------| | Nominee \nDavid Thomson | Votes For % Votes For \n408,706,476 99.24 % | \n3,117,714 | Votes Withheld% Votes Withheld \n0.76 % ...

JHVEPhoto Law.com Investment action I recommended a buy rating for Thomson Reuters (TSX:TRI:CA) (NYSE:TRI) when I wrote about it in February this year, as I expected an EPS growth outlook of low teens, which, coupled with dividends, could deliver an attractive total return over the next 2 years. Based on my current outlook and analysis, I recommend a buy rating. My key update to my thesis is that I expect organic EPS to grow faster than I originally expected, as TRI has seen a strong adoption rate for its A ...

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 ...