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Industrial Machines

Saturday May 10

Thomson Reuters ideally positioned to lead in information economy, CEO says

“What we're going to try and get done in one year is to make it feel like on the inside and hopefully from the outside, one company, one culture, one way of doing things, one accounting system.”

- The newly merged electronic data giant Thomson Reuters Corp. (TSX:TRI) is "off to a strong start" in the global information economy, CEO Tom Glocer told the company's first annual meeting since Thomson Corp. and Reuters Group PLC closed their deal in April.

The new entity is "ideally positioned" to lead in the fast growing intelligent information market after reporting combined revenues up 12 per cent in the first quarter, he told about 500 shareholders gathered Wednesday.

He pointed to a nine per cent organic growth rate and a 37 per cent combined increase in adjusted operating income in the first quarter as strong boosts to the company's outlook. Read more

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