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Clarivate Reports First Quarter 2025 Results
Prnewswire· 2025-04-29 10:00
Core Insights - Clarivate Plc reported a total revenue of $593.7 million for Q1 2025, a decrease of 4.4% from $621.2 million in Q1 2024, primarily due to inorganic divestitures and foreign currency translation impacts [2][7] - The company experienced a net loss of $103.9 million, compared to a net loss of $75.0 million in the same quarter of the previous year [3][6] - Adjusted net income for Q1 2025 was $95.8 million, unchanged on a per share basis at $0.14 compared to Q1 2024 [3][32] Financial Performance - Organic revenues increased by 0.3% in Q1 2025, driven by a 0.6% increase in organic recurring revenues, while organic transactional revenues decreased [2][8] - Subscription revenues fell by 3.6% to $388.6 million, largely due to the divestiture of the ScholarOne product group [7][27] - Operating cash flow was $171.2 million, down from $176.2 million in the prior year, while free cash flow decreased slightly to $110.3 million [4][10] Strategic Initiatives - The CEO highlighted improved sequential organic Annual Contract Value (ACV) growth due to higher renewals and new business wins, emphasizing the effectiveness of the Value Creation Plan [5][11] - The company reaffirmed its full-year 2025 outlook, projecting organic ACV growth of 1.0% to 2.0% and total revenues between $2.28 billion and $2.40 billion [12][14] Balance Sheet and Cash Flow - As of March 31, 2025, cash and cash equivalents increased to $354.0 million, while total debt remained stable at $4,570.8 million [9][10] - The company repurchased $50 million of ordinary shares as part of its capital allocation strategy [4][11] Revenue Breakdown - Recurring revenues, which include subscription and re-occurring revenues, saw a slight organic increase of 0.6%, while transactional revenues dropped by 14.2% [8][27] - The decline in total ACV was primarily attributed to the divestiture of the ScholarOne product group and the wind-down of certain product lines [25][27]
S&P Global Launches AI-Ready Commodities Data Integrated With Microsoft 365 Copilot
Prnewswire· 2025-04-21 20:05
NEW YORK, April 21, 2025 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced the launch of AI agent capabilities that utilize data from the commodity sector, seamlessly integrated with Microsoft 365 Copilot and powered by S&P Global's Commodity Insights AI Ready Data solution.The S&P Global AI agent on Microsoft 365 Copilot harnesses the expertise of S&P Global Commodity Insights, the leading independent provider of information, analysis, data, and benchmark prices for the commodities, energy, and energ ...
LexisNexis Risk Solutions Names Valentina Isakina as Chief Strategy Officer
Prnewswire· 2025-04-08 12:30
Core Insights - LexisNexis Risk Solutions has appointed Valentina Isakina as Executive Vice President and Chief Strategy Officer, reporting to CEO Mark Kelsey [1][2] - Isakina will oversee the strategic direction and corporate development initiatives, focusing on growth and innovation across global operations [2] - The leadership addition aims to strengthen LexisNexis Risk Solutions' competitive position and enhance its strategic vision in the data and analytics industry [5] Company Background - LexisNexis Risk Solutions utilizes data, analytics platforms, and technology solutions to help businesses and governmental entities reduce risk and improve decision-making [6] - The company is headquartered in metro Atlanta, Georgia, and is part of RELX, a global provider of information-based analytics [6] Leadership Profile - Valentina Isakina brings over 20 years of experience in strategy, transformation, and innovation, having held leadership roles in various organizations [3] - Her previous positions include senior advisor to the Office of Tony Blair, managing director at JobsOhio, and vice president of corporate strategy at Nationwide Insurance [3] - Isakina holds an MBA from Cornell and a Master's in Actuarial Science, along with a Bachelor’s in Business Administration from Georgia State University, and is a CFA charterholder [4]