Thomson Reuters reports higher second-quarter revenue as it pushes forward generative AI tools

reported higher second-quarter revenue and is sticking to its key financial targets for the year in spite of a slowing economy that has started to put modest pressure on the pace of sales to corporate clients.

A tougher economic environment brought about by interest rate increases to combat inflation has not dented sales and renewals in Thomson Reuters’s largest business lines serving legal, tax and accounting professionals, chief executive officer Steve Hasker said in an interview.

“Despite some macroeconomic headwinds, I think we’re pleased with the performance and we view it as a solid quarter,” he said. Woodbridge Co. Ltd., the Thomson family holding company and controlling shareholder of Thomson Reuters, also owns The Globe and Mail.

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