Thomson Reuters reports 6% rise in revenue, plans to deploy AI aggressively

Thomson Reuters reported second-quarter earnings that topped Wall Street expectations as revenue rose 6 per cent and it continued to aggressively deploy artificial intelligence technology across its portfolio.

The company now forecasts full year revenue to hit the high end of projections or a rise of about 7 per cent.

“Good momentum continued across our portfolio in the second quarter, leading to a moderately raised revenue outlook,” Steve Hasker, President and CEO, said in a statement. “We believe we are well positioned to help our customers navigate rising regulatory compliance, in addition to harnessing the potential of Generative AI.”