beat first quarter revenue expectations, lifted its annual financial forecast and raised its annual dividend by 10 per cent to $2.16 on Thursday as it continued to invest heavily in artificial intelligence.
Adjusted earnings per share, excluding one-time items were $1.11 per share. Wall Street expected 95 cents per share. Thomson Reuters, which has earmarked about $10-billion to acquire AI companies, has closed two deals in the quarter – Sweden-based business automation company Pagero and World Business Media Unit, an insurance industry media company.
Thomson Reuters’ legal division revenue growth of 1 per cent was hit by lower transaction revenue due to the sales of some divisions.
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