Stock Data
$1.42 (1.41%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
SPECIALTY BUSINESS SERVICES
Thomson Reuters Corporation is a global provider of business information services headquartered in Toronto, Canada. It offers a wide range of products and services across various segments including Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The company delivers research, data, and technology solutions to professionals in law, tax, compliance, and news media. It is known for combining content with analytics and technology to support the workflow of legal, tax, and accounting professionals. Founded in 1851, Thomson Reuters has a rich history and serves customers worldwide.
AI legal tools are now showing up in the guidance: Westlaw and CoCounsel helped drive 10% organic growth across the Big 3 segments, and management raised the full-year revenue growth outlook. Thomson Reuters also agreed to sell a majority of Global Print to KKR, a deal it expects to lift annual organic growth once it closes.
Full-year revenue growth guidance moved up to roughly 8.0%, and the Global Print sale to KKR tilts the mix further toward AI tools next quarter. The Big 3 segments (Legal, Corporates, Tax) grew 10% organically on CoCounsel and Westlaw demand.
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