Revenuesincreased 7% (all organic) to $373 million. Transactions revenues declined 3%, and Global Print revenues were nearly unchanged. Your client work is staged and ready in the Practice CS Project Management module, which moves the work through the office. Operating System: The 32- or 64-bit version of Windows 11, Windows 10, Windows 8.1, Server 2022, Server 2019, Server 2016, or Server 2012 R2*. Tools and information for legal, tax and accounting professionals to help adapt to the changing needs of today and shape their tomorrow, together. Thomson Reuters Risk & Fraud Solutions. Read the report. Need more information about how our solutions can work for you? Professional services firms Access global tax, legal, and risk management resources for todays professional services firms; Partnerships. Youll have a dedicated team you can contact directly with any payroll compliance questionsno more large, impersonal call centers. Banking, financial services, and insurance sectors continue to experience an unprecedented degree of regulatory change and complexity. the online payroll service for small business from Thomson Reuters. The company's "Big 3" segments reported organic revenue growth of 7% and collectively comprised 81% of total revenues. Additional information regarding the Change Program is provided below. Accountants and tax preparersrely onCheckpointresearch,Onviocloud solutions, andCS Professional Suitesoftware such asUltraTax CS. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The presentation may include forward-looking information. The Thomson Reuters Institute brings together people from across the legal, corporate, tax & accounting, and government communities to ignite conversation and debate, make sense of the latest events and trends, and provide essential guidance on the opportunities and challenges facing their world today. Reuters (/ r t r z / ROY-terz) is a news agency owned by Thomson Reuters Corporation. Reflects the basis on which the company manages capital expenditures for internal budgeting purposes. The company was founded in Toronto, Ontario, Canada, where it is headquartered at the Bay Adelaide Centre.. Thomson Reuters was created by the Thomson Corporation's purchase of the British company Reuters Group in April 2008 and is majority owned by The For healthcare providers, it can all boil down to a single variable: Time. Additionally, the company cannot reasonably predict (i) its share of post-tax earnings or losses in equity method investments, which is subject to changes in the stock price of LSEG or (ii) the occurrence or amount of other operating gains and losses that generally arise from business transactions that the company does not currently anticipate. Your online resource to get answers to your product and industry questions. Lease online versions of our entire award-winning CS Professional Suite, plus Microsoft Office and Exchange. Thomson Reuters Thomson Reuters prepares its financial statements in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB). Winner: Comprehensive Firm Workflow Systems. Revenuesincreased 8% (9% organic) to $190 million. Or you can call a representative in your region at+1 800 968 8900. See the "Non-IFRS Financial Measures" section and the tables appended to this news release for additional information on these and other non-IFRS financial measures, including how they are defined and reconciled to the most directly comparable IFRS measures. Global Print revenues decreased 1% organically. The company's business outlook assumes that uncertain macroeconomic and geopolitical conditions will continue to disrupt the economy and cause periods of volatility, however, these conditions may last substantially longer than expected and any worsening of the global economic or business environment could impact the company's ability to achieve its outlook and affect its results and other expectations. Recommended Case Center. Recurring revenues grew 9% (89% of total, all organic), driven by strong performances from Practical Law, CLEAR, Direct Tax and HighQ. The more you buy, the more you save with our quantity discount pricing. The margin increased to 46.2% from 42.3%, driven by higher revenues and Change Program savings. While we are maintaining our outlook for 2023, 2023 margins are trending towards the lower end of the current 39% - 40% range amid heightened inflation and select investments we are making to drive customer success and fund growth initiatives. (1) See the "Non-IFRS Financial Measures" section and the tables appended to this news release for additional information on these and other non-IFRS financial measures. How can government agencies and state courts ensure that their employees are avoiding work burnout? As a result, percentages and margins calculated from reported amounts may differ from those presented, and growth components may not total due to rounding. Trusted legal products and services that combine unparalleled content, deep human expertise, and intuitive technology to get you the timely support you need. Adjusted tax expense is computed as income tax (benefit) expense plus or minus the income tax impacts of all items impacting adjusted earnings (as described above), and other tax items impacting comparability. Founded in 1851, Reuters has remained true to the Trust Principles of independence, integrity, and freedom from bias, working relentlessly to bring news from the source and from every corner of the world. Also, represents a measure commonly reported and widely used by investors as a valuation metric, as well as to assess the company's ability to incur and service debt. Thomson Reuters is one of the worlds most trusted providers of answers, helping professionals make confident decisions and run better businesses. Adjusted tax expense divided by pre-tax adjusted earnings. Thomson Reuters is dedicated to upholding the Trust Principles and to preserving its independence, integrity and freedom from bias in the gathering and dissemination of information and news. You can monitor statuses and receive real-time updates (including any notes that staff have made during the preparation and delivery process) via the Practice CS Client Management Module and Mobile CS. Reuters is one of the largest news agencies in the world. Tax and accounting regions. As of October 28, 2022, Thomson Reuters indirectly owned approximately 72.0 million LSEG shares which had a market value of approximately $6.3 billion based on LSEG's closing share price on that day. In particular, during the last quarter the global economy has experienced substantial disruption due to concerns regarding economic effects associated with the macroeconomic backdrop and ongoing geopolitical risks. Automatically integrate our content into your workflow. News & media. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. A cloud-based tax and accounting software suite that offers real-time collaboration. The Thomson Reuters Foundation stands with the Black community today and every day: Racism, bigotry and prejudice have no place in society. (2) For comparative purposes, 2021 segment results have been revised to reflect the current period presentation. Thomson Reuters, led by President and Chief Executive Officer Steve Hasker, is the world's leading source of intelligent information for businesses and professionals. * Note for certain Windows products: Beginning January 14, 2020, Microsoft has ended support for Windows 7 and Windows Server 2008/2008 R2.Thomson Reuters solutions will follow a corresponding schedule and will no Find out how we can help you today! Its time we connected so you can have a trusted partner on your side. "Regtech: The governance lifecycle follows the Thomson Reuters Fintech, Regtech, and the Role of Compliance Report for 2021. The company expects its fourth-quarter 2022 revenue growth and EBITDA margin to be approximately in-line with its full-year 2022 outlook target. Interactive and creative graphics that bring data to life, created by us and customizable by you. Singapore Payment Services Act 2019 In 2019, Singapore enacted the Payment Services Act to address the growth of payment service providers, including cryptocurrency dealers and exchanges. Explore firm management solutions that streamline tasks, provide timely and accurate business information, and connect all critical areas of law firm operations. Provides a more comparable basis to analyze earnings. Thomson Reuters. Its headquarters are in Toronto. You will also be exposed to the TAX & TRADE, LEGAL and RISK platforms and all services provided across our Corporates business. Cyber risk is a concern for all cryptos and this report considers how firms, regulators, and exchanges can enhance their cyber resilience. Accountants and auditors have an expanding role to play in determining the integrity of their companys or their clients disclosure of ESG initiatives. Get a clear view of the costs associated with your firm's work by capturing and tracking billable time more efficiently. Click the Silent_thomson_reuters_utility.vbs link above and save the script file to your local hard drive. This Thomson Reuters talkauthored by Senior Regulatory Intelligence expert Susannah Hammond sets out thetop risks for firms this year. Corporations turn toONESOURCEandCheckpointsolutions forindirect tax,corporate income tax,global trade, and much more. The agency was established by Paul Julius Reuter, a former bank clerk who in 1847 became a partner in Reuter and Stargardt, a Berlin book To remain competitive in this profession, you need to do more in less time. Previously, these services had been reported as a transfer of expense from Reuters News to these businesses. Other than EPS, the company reports its results in millions of U.S. dollars, but computes percentage changes and margins using whole dollars to be more precise. Earnings or losses for interim periods under IFRS reflect income taxes based on the estimated effective tax rates of each of the jurisdictions in which Thomson Reuters operates. CS Professional Suite Integrated software and services for tax and accounting professionals. The prior period has been revised to reflect the current methodology. Integrated software and services for tax and accounting professionals. Available for law departments and law firms. Thomson Reuters is dedicated to upholding the Trust Principles and to preserving its independence, integrity and freedom from bias in the gathering and dissemination of information and news. ", Consolidated Financial Highlights - Three Months Ended September 30, (Millions of U.S. dollars, except for adjusted EBITDA margin and EPS), Net cash provided by operating activities. Try our solution finder tool for a tailored set of products and services. Please refer to reconciliations for the most directly comparable IFRS financial measures. For more information on setting up Onvio Thomson Reuters IDs, see Add or update staff information. Our products include highly specialized information-enabled software and tools for legal, tax, accounting and compliance professionals combined with the world's most global news service Reuters. Onvio A cloud-based tax and accounting software suite that offers real-time collaboration. The company's combined Legal Professionals, Corporates and Tax & Accounting Professionals segments. For purposes of this calculation, revenues are before fair value adjustments to acquired deferred revenue. For more information on setting up NetStaff accounts, s ee Logging in to CS Professional Suite applications. In the digital era, video is king. Can Your Business Survive and Even Thrive in These Trying Times? Revenues increased 5%, driven by growth across four of the company's five business segments. In the first quarter of 2022, the company made two changes to its segment reporting to reflect how it currently manages its businesses. Learn more about Thomson Reuters products and services for small law firms Discover small law firm solutions Practice confidently and efficiently with accurate, up-to-date content and guidance. Create electronic invoices, post bills online, and accept credit card payments, so you can collect payments from your clients faster. Diluted EPS was $0.47 compared to diluted loss per share of $(0.49) in the prior-year period. Highlights by Customer Segment - Three Months Ended September 30, (Millions of U.S. dollars, except for adjusted EBITDA margins). Put time back on your side with IBM Micromedex solutions evidence-based resources that leverage cloud, automation and industry-leading AI to help improve efficiency and elevate care experiences. Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more Integrated software and services for tax and accounting professionals. You will also be exposed to the TAX & TRADE, LEGAL and RISK platforms and all services provided across our Corporates business. Thomson Reuters is one of the worlds most trusted providers of answers, helping professionals make confident decisions and run better businesses. (1) Prior-year period amounts have been reclassified to reflect the current period presentation. Recent Quarterly Earnings Reports News Releases, Healthy revenue growth continued in the third quarter, Total company revenue up 3% / organic revenue up 6%, Organic revenue up 6% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals), Third consecutive quarter of 7% recurring revenue growth, Maintained full-year 2022 and 2023 guidance, Westlaw Precision successfully launched on. Thomson Reuters provides the tools and services that will meet every investigative challenge that your small law firm might face. Recurring revenues grew 8% (83% of total, 9% organic), driven by strong growth from UltraTax and the segment's. Thomson Reuters Risk & Fraud Solutions. For more information on setting up CS Web Thomson Reuters IDs, see the steps in the article below . Westlaw is the industry leader for legal research platforms and tools, including Westlaw Precision, Westlaw Edge, Westlaw Classic, and more. Manage your Thomson Reuters Tax and Accounting online accounts, renew your products, find your representative, adjust your email preferences, and more. Its time we connected so you can have a trusted partner on your side. These measures do not have any standardized meanings prescribed by IFRS and therefore are unlikely to be comparable to the calculation of similar measures used by other companies and should not be viewed as alternatives to measures of financial performance calculated in accordance with IFRS. Thomson Reuters is dedicated to upholding the Trust Principles and to preserving its independence, integrity and freedom from bias in the gathering and dissemination of information and news. "While we acknowledge growing macroeconomic uncertainty, our underlying business is resilient, and we remain focused on investing for the long term. Importantly, we also saw a positive early response to the September launch of Westlaw Precision, a major upgrade to our key Westlaw franchise. Thomson Reuters CorporationReconciliation of Changes in Revenues to Changes in Revenues on a Constant Currency(1) and Organic Basis(1). The prior-year period included a gain of approximately $8.1 billion on the sale of Refinitiv to LSEG. That's why so many accounting firms are turning to Thomson Reuters Practice CS to track their time and billing. Reconciliation of Net Cash Provided By Operating Activities to Free Cash Flow(1), Accrued capital expenditures as a percentage of revenues(1). The following table reconciles IFRS and non-IFRS common share information: Effect of stock options and other equity incentive awards. Adjusted EBITDA increased 13% to $147 million. Because Thomson Reuters reported a net loss for continuing operations under IFRS for the three months ended September 30, 2021, the weighted-average number of common shares used for basic and diluted loss per share is the same for all per-share calculations in the period, as the effect of stock options and other equity incentive awards would reduce the loss per share, and therefore be anti-dilutive. Trade Based Money Laundering - Advanced (APAC) World-class practice management software for accountants. Thomson Reuters Foundation launches new tool to protect journalists against online violence We are delighted to announce the launch of Context - a news and analysis platform focusing on three of the most critical issues facing humanity: climate change, the impact of technology on society , and the need for more inclusive economies . Net cash provided by operating activities decreased $3 million as unfavorable movements in working capital, which included higher payments associated with the Change Program, essentially offset the cash benefits from higher operating profit. Banking, financial services, and insurance sectors continue to experience an unprecedented degree of regulatory change and complexity. Prepare and review work in integrated applications, such as UltraTax CS, Accounting CS, and other CS Professional Suite programs, which can be launched directly from Practice CS. Thomson Reuters. Add-on module for Practice CS that tracks your client interactions to keep your relationships going strong. News & media. Its time we connected so you can have a trusted partner on your side. Professional services firms Access global tax, legal, and risk management resources for And thats why tax and accounting firms are turning to Thomson Reuters Practice CS. Thomson Reuters indirectly owns LSEG shares through an entity that it jointly owns with Blackstone's consortium and a group of current LSEG and former Refinitiv senior management. Close. Transactions revenues increased 12% (17% of total, all organic), driven by UltraTax and training revenues. Foreign currency had a 1% negative impact on revenues. Find out how we can help you today! from 8 AM - 9 PM ET. Insights, thought leadership & engagement, Offering insight into corporations in the U.S. and abroad, Insights on environmental, social, and governance topics, A look into the inner workings of government and the courts, Legal coverage focusing on the business and practice of law, Featuring an expanded insight into the world of tax professionals, Exploring how technology and innovation will influence future services. Provides further insight into the performance of the company's existing businesses by excluding distortive impacts and serves as a better measure of the company's ability to grow its business over the long term. The Thomson Reuters Foundation stands with the Black community today and every day: Racism, bigotry and prejudice have no place in society. Adjusted EBITDAincreased 13% to $324 million. Thomson Reuters offers trusted answers for businesses and professionals in tax and accounting. After having bounced back strongly in 2021, the UK legal market is poised for continued growth this year, says Lucinda Case, head of Legal Professionals Europe for Thomson Reuters, adding that businesses are anticipating an increased need for legal services such as regulatory work, mergers & acquisitions, and labor & employment. 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