Legal, Tax, Accounting Products Lift Thomson Reuters Q2 Profits

Posted by Joachim Bartels | Jul 29, 2011 | Business Information, Financial Information, Legal & Compliance, Tax & Accounting Solutions, Thomson Reuters, United States | 0 |

Thomson Reuters Corp. (TRI), the financial news and information provider, said second-quarter profit almost doubled, bolstered by rising revenue from the legal-data and tax and accounting divisions. Net income advanced 93 percent to $572 million, or 67 cents a share, from $297 million, or 35 cents, a year earlier. Revenue rose 7.2 percent to $3.45 billion. Sales of legal products advanced 9 percent, while tax and accounting revenue jumped 10 percent, excluding the impact of currency translation. Source: Bloomberg News

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.