Third-quarter revenue at the Toronto-based information software company rose eight per cent year-over-year. Operating profit fell 22 per cent, which Thomson Reuters attributed to a one-off bump in 2023 from the sale of legaltech company Elite. Adjusted earnings fell four per cent year-over-year. (The Logic)
Skip to content
Third-quarter revenue at the Toronto-based information software company rose eight per cent year-over-year. Operating profit fell 22 per cent, which Thomson Reuters attributed to a one-off bump in 2023 from the sale of legaltech company Elite. Adjusted earnings fell four per cent year-over-year. (The Logic)
Talking point: Thomson Reuters invested US$200 million in AI this year, including two major acquisitions this quarter: Safe Sign Technologies, a startup that creates legal-specific large language models, and Materia, a startup that developed an AI assistant for accounting firms. The media company signed an agreement in October to sell its online legal directory, FindLaw. It also plans to spend up to US$10 billion in overall acquisitions between now and 2027.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: Was Chicken Little stirring panic, or just taking precautions?
Briefing
Carney plans to discuss US$135B defence bank with new U.K. prime minister
B.C. nearing federal MOU of its own as talks continue on Alberta’s West Coast pipeline
Quebecor urges CRTC to block Corus restructuring as part of takeover push
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
