Welcome to our dedicated page for Thomson Reuters news (Ticker: TRI), a resource for investors and traders seeking the latest updates and insights on Thomson Reuters stock.
Thomson Reuters Corporation (NYSE: TRI) provides professionals and investors with critical updates through this comprehensive news hub. Track official press releases, strategic initiatives, and market developments from the global leader in legal technology, tax solutions, and trusted business intelligence.
This resource delivers timely updates across TRI's core operations including regulatory compliance advancements, AI-driven product launches, and partnership announcements. Investors gain visibility into earnings reports and corporate governance updates, while professionals access insights about legal research tools and accounting software enhancements.
All content is curated to meet the needs of stakeholders requiring accurate information about TRI's market position and technological innovations. The collection spans financial disclosures, Reuters journalism milestones, and enterprise solution updates that impact legal, tax, and corporate sectors globally.
Bookmark this page for streamlined access to TRI's evolving story as it continues shaping professional markets through content-driven technology and trusted intelligence platforms.
Pagero, a Thomson Reuters company providing e-invoicing and compliance solutions, has been named a Leader in the 2024 IDC MarketScape: European Compliant e-Invoicing Vendor Assessment. This recognition highlights Pagero's position as a trusted partner for companies seeking comprehensive e-invoicing solutions across Europe and globally.
The IDC MarketScape report emphasizes Pagero's extensive network, connecting over 14 million businesses and linking to more than 100 networks, hubs, and government platforms. It also notes Pagero's active involvement in key organizations like the OECD, PEPPOL, GENA, and the EU's Taxation and Customs Union.
Gustav Dahllöf, Chief Product Officer at Pagero, states that this recognition solidifies their position as a worldwide e-invoicing compliance leader and highlights the growing importance of this sector for multinational companies.
Thomson Reuters (TSX/NYSE: TRI) has unveiled CoCounsel 2.0, a next-generation GenAI assistant for professionals. This upgraded version combines the strengths of leading LLMs, including OpenAI, Google Cloud AI, and Thomson Reuters' own technology. Key improvements include:
- 3x faster answer generation
- More intuitive operation
- More thorough and nuanced results
- Integration with Thomson Reuters products and Microsoft 365
- Direct access to customer documents
- New legal-specific capabilities
CoCounsel 2.0 aims to accelerate and streamline entire workflows, potentially freeing up to 12 hours per week for professionals. The company is testing Google Gemini 1.5 Pro as part of its production models suite to enhance capabilities and processing throughput.
Thomson Reuters (TSX/NYSE: TRI) released its Q2 2024 financial results, showing continued strong revenue momentum.
Key Highlights:
- Total and organic revenues increased by 6%, with 'Big 3' segments seeing an 8% organic revenue growth.
- Completed a $1 billion share buyback program and monetized interest in the London Stock Exchange Group (LSEG).
- Revenue growth led to raising the full-year 2024 outlook to the high end of previous estimates.
Financial Data:
- Revenues: $1.74 billion (+6% YoY)
- Operating Profit: $415 million (-50% YoY)
- Diluted EPS: $1.86 (-2% YoY)
- Adjusted EBITDA: $646 million (-2% YoY)
- Free Cash Flow: $541 million (-9% YoY)
Segment Performance:
- Legal Professionals: $727 million in revenue (+3% YoY)
- Corporates: $442 million in revenue (+13% YoY)
- Tax & Accounting Professionals: $250 million in revenue (+12% YoY)
Despite revenue growth, operating profit and adjusted EBITDA margins declined due to higher investments and acquisitions.
Thomson Reuters' 2024 Future of Professionals report reveals that AI could save knowledge workers up to 12 hours per week by 2029, with an immediate impact of 4 hours per week within the next year. This productivity boost is likened to adding an extra colleague for every 10 team members. U.S. lawyers could see an additional $100,000 in billable hours annually due to AI's time-saving capabilities.
The report, based on a survey of over 2,200 professionals from legal, tax, and risk & compliance sectors, highlights AI's potential to drive innovation and economic growth. Key findings include 77% of respondents believing AI will have a high or transformational impact on their work, and 78% viewing AI as beneficial for their profession. Additionally, 79% anticipate significant innovation improvements in their companies due to AI.
Professionals also express a need for AI standards, with 57% supporting certification processes and 55% advocating for industry-specific guidelines. Currently, 63% of respondents are using AI-powered technologies for tasks like research and drafting, showcasing the growing adoption and positive sentiment towards AI.
Thomson Reuters (TSX/NYSE: TRI) announced it will release its second-quarter 2024 earnings on August 1, 2024. The report will be followed by a conference call and webcast at 8:30 a.m. EDT, hosted by CEO Steve Hasker and CFO Mike Eastwood. The event will discuss the company's financial performance and might include a Q&A session.
Thomson Reuters (TSX/NYSE: TRI) announced the results of its Board of Directors election held on June 6, 2024. All 13 nominees were elected and will serve until the next annual meeting. Notable vote counts include Steve Hasker with 99.94% of votes for, and W. Edmund Clark with 97.59% of votes for. Additionally, PricewaterhouseCoopers LLP was re-appointed as the company's auditor, and an advisory resolution on executive compensation was approved. Detailed voting results are filed with Canadian and U.S. regulatory authorities.
Thomson Reuters (NYSE/TSX: TRI) and Microsoft have unveiled an enhanced AI tool, combining Thomson Reuters CoCounsel with Microsoft Copilot.
This integration, demonstrated at the Microsoft Build 2024 keynote, aims to streamline complex tasks across various Microsoft 365 applications such as Word, Outlook, SharePoint, and Teams. By leveraging CoCounsel's subject-matter expertise with Copilot's operational insights, the tool promises to save time, reduce risk, and simplify compliance tasks.
Kriti Sharma, Chief Product Officer at Thomson Reuters, highlighted the tool's potential to handle high-stakes tasks more efficiently. The collaboration marks another step in Thomson Reuters' goal to provide a GenAI Assistant for every professional it serves. The tool will be available in July 2024.
Thomson Reuters (TRI) announced that Chief Financial Officer Mike Eastwood and Head of Finance, Corporates Erin Brown will present at the CIBC Technology & Innovation Conference on May 22, 2024, at 1:30 p.m. EDT. The presentation is expected to cover key financial metrics, business strategies, and recent innovations. This event provides a platform for Thomson Reuters to showcase its financial health and growth prospects to potential investors and industry stakeholders.
Thomson Reuters (TSX/NYSE: TRI) announced on May 15, 2024, the sale of its remaining stake in London Stock Exchange Group (LSEG).
Along with Blackstone-affiliated investment funds, the company sold 17.3 million LSEG shares at £91.50 per share.
The shares were sold to institutional and retail investors.
Thomson Reuters owned 4.3 million of the shares sold and expects to earn approximately $0.5 billion in pre-tax net proceeds from this transaction.
Following the sale, Thomson Reuters will no longer hold any interest in LSEG.
Rocket Companies, a Detroit-based fintech platform, appointed Shawn Malhotra as Chief Technology Officer. Malhotra, with extensive experience at tech giants like Thomson Reuters, Intel, and Qualcomm, will lead AI initiatives to streamline processes and enhance homeownership.
FAQ
What is the current stock price of Thomson Reuters (TRI)?
What is the market cap of Thomson Reuters (TRI)?
