The Motley Fool Canada
9-30
Thomson Reuters posts Q2 organic revenue growth of 8% as free cash flow rises 29% to US$727 million
Thomson Reuters reported Q2 results with organic revenue up 8%, while its core Legal, Corporates, and Tax, Audit & Accounting segments grew 10%. Free cash flow rose 29% to US$727 million. The company has spent about US$40 million developing its in-house large language model, Thomson, trained on less than 10% of its legal content. The tax business faced sales execution issues, and management expects Q3 margins of about 36%.