Thomson Reuters Corp , on Wednesday reported higher sales and operating profit in the second quarter, helped by strong performance at its 'Big 3' segments: Legal Professionals, Corporates and Tax & Accounting Professionals.
The Thomson Reuters logo is pictured on a building in the Manhattan borough of New York City, New York, U.S. November 16, 2021. REUTERS/Carlo Allegri/File Photo, on Wednesday reported higher sales and operating profit in the second quarter, helped by strong performance at its "Big 3" segments: Legal Professionals, Corporates and Tax & Accounting Professionals.
Thomson Reuters, which owns the Westlaw legal database, Reuters news agency and the Checkpoint tax and accounting service, said organic revenue was up 7% for the "Big 3" segments that together account for the lion's share of revenue and profit. The company sold 15.5 million shares of the London Stock Exchange Group in the second quarter, for gross proceeds of $1.6 billion.
Last quarter, Hasker said the company plans to invest some $100 million a year in artificial intelligence, separate from the company’s M&A budget, which will be about $10 billion from 2023 to 2025, CFO Eastwood said at the time.
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