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A-Team Insight Blogs

Thomson Reuters Experiences 3% Increase in Revenue for Enterprise Division in First Quarter 2010

Following a fairly positive end to last year, Thomson Reuters’ Enterprise division has once again proved to be a bright spot for the vendor’s Markets division for the first quarter of 2010 with a 3% increase in revenue on the same period last year. This increase is set against a decline in the overall revenues for the Markets division of 4% for the quarter, which the vendor attributes to flow through from weak 2009 net sales.

First quarter revenues for the Enterprise division therefore increased to US$315 million, compared to US$294 million in the same period last year. Recurring revenues also increased 5%, but the vendor indicates that overall growth was dampened by a decline in outright and transactions revenues.

Of this, Information Management Systems revenues, which make up 15% of the division’s total revenues, increased 14%. Enterprise Information revenues, which make up 60% of total Enterprise revenues, rose 4% driven by continued strong demand for pricing and related data. However, despite a promising end to last year and the continued appetite in the market, Risk Management revenues were flat in the quarter.

Thomson Reuters indicates that Enterprise continues to benefit from the shift in demand from desktop to machine-based trading. CEO Tom Glocer is also confident that the vendor will see continued growth in this division this year, spurred on by the recent launch of its new Elektron data platform, among other things. Thomson Reuters is pitching the platform as an ultra high-speed network and hosting environment that offers the latency benefits of direct feeds while offering the cost and service advantages of a hosted, consolidated feed environment. Indeed, the distribution system makes significant use of the feedhandling platforms Thomson Reuters uses to support its Data Feed Direct feed service.

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