Connect with us

International

Thomson Reuters highlight AI, machine learning in a post-pandemic world

Avatar

Published

on


NEW YORK (Reuters) – Thomson Reuters Corp. will improve technology, close offices and rely more on machinery to prepare for a post-pandemic world, the news and information group said on Tuesday after reporting higher sales. high and operating profit.

The Toronto-based company will spend $ 500 million to $ 600 million over two years to destroy its technology credentials, investing in AI and machine learning to get data faster to more and more working professional clients. much from home during the coronavirus crisis.

It will move from a content provider to a content-driven technology company and from a hosting company to an operational structure.

Shares listed in Thomson Reuters New York and Toronto each gained more than 8%.

It aims to cut $ 600 million in annual operating costs by eliminating duplicate functions, modernizing and consolidating technology, and by decaying and reducing its real estate footprint. Dismissals are not a focus of cost cuts and there are no current plans to relocate assets as part of that plan, the company said.

We look at changing behaviors as a result of COVID … to professionals working from home working remotely being much more dependent on 24-7, digital always on, kind of information always available in real time, served through software and powered by AI and ML (machine learning), Chief Executive Steve Hasker said in an interview.

Sales growth is projected to accelerate in each of the next three years compared to the reported 1.3% sales growth for 2020, the company said in its earnings announcement.

Thomson Reuters, which owns Reuters News, said revenue rose 2% to $ 1.62 billion, while its operating profit rose more than 300% to $ 956 million, reflecting the sale of an investment and stocks. others.

Its three main sectors, Legal Professionals, Tax and Accounting Professionals and Corporations, all showed higher organic quarterly sales and adjusted profit. As part of the two-year program of change, the corporate, legal and tax side will function more as a customer-facing entity.

Adjusted earnings per share of 54 cents were ahead of the expected 46 cents, based on Refinitive data.

The company raised its annual dividend by 10 cents to $ 1.62 per share.

The Reuters News business showed lower earnings in the fourth quarter. In January, Stephen J. Adler, Reuters editor-in-chief for the past decade, said he would retire in April from the world’s largest international news provider.

Thomson Reuters also said its stake in the London Stock Exchange is now worth about $ 11.2 billion.

The LSE last month completed its acquisition of $ 27 billion in Refinitive data and analysis business, 45% owned by Thomson Reuters.

Reporting by Ken Lee, writing by Nick Zieminski in New York, editing by Louise Heavens and Jane Merriman

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]