Another day; another set of results. This time the Q4 results from Thomson Reuters which seem to be pretty robust.
You can listen to Tom Glocer on his investor call here but I wanted to highlight a couple of very similar comments to those heard in the Reed Elsevier call the other day (not direct quotes).
- Thomson Reuters strategy remains to provide must have content and services on a subscription basis
- Information that fits into the workflow of our customers is not a discretionary purchase
- While renewals conversations with financial services customers can be difficult at the moment our sales teams have lots of tools in our toolchest that allow the end users to reduce costs and automate processes allowing lower headcounts in those organisations
- We continue to invest at a time when others are cutting back – the new Westlaw platform is described on the call as a ‘game changer’ for legal information
Worth a listen.