Thomson Reuters Corporation (TRI)

Frequently Asked Questions About Thomson Reuters Corporation (TRI)

Does Thomson Reuters offer solutions for small businesses?

Yes, Thomson Reuters provides tailored solutions for small businesses, including simplified tax software and legal research tools designed to meet the unique needs of smaller enterprises, ensuring they have access to the same high-quality resources as larger firms.

Has Thomson Reuters embraced digital transformation?

Yes, Thomson Reuters has embraced digital transformation by transitioning many of its products to online and cloud-based platforms. This shift allows users to access information and tools remotely, increasing flexibility and collaboration.

Has Thomson Reuters expanded its business through acquisitions?

Yes, Thomson Reuters has a history of strategic acquisitions to expand its offerings and market presence. Notable acquisitions include the purchase of Westlaw and several technology companies that enhance its data analytics capabilities.

How does Thomson Reuters contribute to the legal industry?

Thomson Reuters significantly impacts the legal industry through its comprehensive legal research tools, such as Westlaw, which provide access to legal precedents, case law, and statutes, facilitating thorough and efficient legal research for practitioners.

How does Thomson Reuters engage with its customers?

Thomson Reuters engages with its customers through various channels, including direct support services, webinars, and training sessions. The company also gathers feedback to continuously enhance its products and meet client needs.

How does Thomson Reuters ensure data security?

Thomson Reuters prioritizes data security through robust cybersecurity measures, including encryption, regular security audits, and strict access controls. The company complies with relevant regulations to protect its clients' sensitive information.

How does Thomson Reuters generate revenue?

Thomson Reuters generates revenue primarily through subscription fees for its various products and services. They offer a mix of software, news, data analytics, and other solutions that are sold to professionals and businesses in sectors such as law, finance, and media. The company also earns revenue from consulting and training services.

How does Thomson Reuters support financial professionals?

Thomson Reuters supports financial professionals through its Eikon platform, which provides real-time market data, news, and analysis to enhance trading and investment decision-making. Additionally, it offers tools related to financial reporting, risk management, and regulatory compliance, enabling finance teams to work more effectively in a rapidly changing environment.

Is Thomson Reuters a publicly traded company?

Yes, Thomson Reuters is publicly traded on the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbol 'TRI'. It is one of the leading providers of news and information services for professionals.

What are some key products offered by Thomson Reuters?

Thomson Reuters offers a wide range of products, including Westlaw for legal research, Eikon for financial analysis, ONESOURCE for tax and compliance solutions, and Clarivate for intellectual property. Each of these products provides specialized tools designed to meet the needs of professionals across different industries.

What are some recent innovations from Thomson Reuters?

Recent innovations from Thomson Reuters include enhanced AI-driven analytics within its products, real-time collaboration features for legal professionals, and advanced tools for risk assessment and compliance monitoring in financial services.

What are Thomson Reuters' main products?

The company's primary products include Westlaw for legal research, Eikon for financial data and analytics, and ONESOURCE for tax solutions, among others. These products aim to streamline workflows and enhance productivity for professionals across multiple sectors.

What does Thomson Reuters Corporation do?

Thomson Reuters Corporation provides information and software solutions to professionals in various sectors, including finance, legal, tax, and media. The company aggregates and delivers essential data and analytics, empowering clients to make informed decisions in their respective fields.

What initiatives does Thomson Reuters have for corporate social responsibility?

Thomson Reuters is committed to corporate social responsibility through various initiatives focusing on sustainability, diversity and inclusion, and ethical governance. The company emphasizes transparency and giving back to the communities it serves.

What is Eikon?

Eikon is Thomson Reuters' financial analysis tool that provides real-time data, analytics, and news for financial professionals. It allows users to monitor key market trends, analyze securities, and make informed investment decisions.

What is the future outlook for Thomson Reuters?

The future outlook for Thomson Reuters appears positive as the company continues to expand its digital offerings and adapt to evolving market demands. With a focus on technology and innovation, Thomson Reuters is strategically positioned to capitalize on growth opportunities in various sectors, including legal tech and financial services, ensuring its relevance in a rapidly changing global landscape.

What is the role of AI in Thomson Reuters' operations?

Artificial intelligence plays a key role in Thomson Reuters' operations, enhancing various aspects such as data processing, risk management, and predictive analytics. AI tools help streamline workflows and provide clients with deeper insights from their data.

What is the significance of the Westlaw product?

Westlaw is Thomson Reuters' premier legal research service, offering a vast database of legal resources, including case law, statutes, regulations, and secondary sources. It is widely utilized by legal professionals to conduct in-depth legal research and prepare for litigation.

What is Thomson Reuters' approach to diversity and inclusion?

Thomson Reuters is committed to creating a diverse and inclusive workplace. The company implements various initiatives aimed at promoting diversity at all levels of the organization and fostering an inclusive culture that values the contributions of all employees.

What is Thomson Reuters’ corporate social responsibility strategy?

Thomson Reuters is committed to corporate social responsibility (CSR) by focusing on sustainable business practices, promoting diversity and inclusion, and making a positive impact in the communities where it operates. The company engages in various initiatives aimed at reducing its carbon footprint, contributing to education, and enhancing civic engagement among its employees.

What is Westlaw?

Westlaw is Thomson Reuters’ premier legal research service, offering access to an extensive database of case law, statutes, regulations, and legal commentary. It provides legal professionals with powerful search tools, advanced analytics, and practice area resources to support their research and workflow needs, making it a critical resource in the legal field.

What markets does Thomson Reuters serve?

Thomson Reuters primarily serves the legal, financial, tax, and media markets. Its diverse portfolio of products is designed to cater to the specific needs and challenges of professionals in these industries.

What recent acquisitions has Thomson Reuters made?

Thomson Reuters has a history of strategic acquisitions to bolster its capabilities and market position. In recent years, the company has acquired technology and analytics firms to enhance its offerings in data and legal services, though specific acquisition details may vary over time. Keeping abreast of their latest press releases provides information on recent transactions.

What role does technology play at Thomson Reuters?

Technology plays a pivotal role at Thomson Reuters, as the company leverages innovative digital solutions to deliver real-time information, automation, and enhanced analytics to its clients. Advances in artificial intelligence, machine learning, and data analytics are increasingly integrated into its product offerings, helping customers make smarter, more informed decisions.

What role does technology play in Thomson Reuters?

Technology is central to Thomson Reuters' business model. The company leverages advanced technologies, including artificial intelligence and machine learning, to enhance data analytics, improve user experience, and comply with regulatory requirements.

What sustainability goals has Thomson Reuters set?

Thomson Reuters has set ambitious sustainability goals aimed at reducing its environmental impact. The company focuses on reducing carbon emissions, increasing energy efficiency, and promoting responsible sourcing. Additionally, it aims to support sustainability in its products and services, helping clients navigate environmental challenges in their respective industries.

When was Thomson Reuters Corporation founded?

Thomson Reuters Corporation was formed in 2008 through the merger of Thomson Corporation and Reuters Group. However, the Thomson Corporation itself was established in 1934 as a publishing company.

When was Thomson Reuters founded?

Thomson Reuters was formed in 2008 following the acquisition of Reuters Group PLC by The Thomson Corporation. However, the origins of the company date back to 1851, when the Reuters news agency was established in London by Paul Julius Reuter, making it one of the oldest news organizations in the world.

Where is Thomson Reuters headquartered?

Thomson Reuters is headquartered in Toronto, Canada. It also has offices in major cities around the world, enhancing its global reach and ability to serve a diverse clientele.

Who are Thomson Reuters' main competitors?

Thomson Reuters competes with several major players in various segments, including Bloomberg in the financial information sector, LexisNexis in legal research, and Dun & Bradstreet in data analytics. Other competitors include FactSet, S&P Global, and Gartner, depending on the specific market and service offered.

Who are Thomson Reuters' primary customers?

The primary customers of Thomson Reuters include legal professionals, financial analysts, accountants, and media organizations. These clients rely heavily on the company's data and analytical tools for critical decision-making.

Who is the current CEO of Thomson Reuters?

As of October 2023, the CEO of Thomson Reuters is Steve Hasker. He assumed the role in March 2020 and has a background in technology and information services. Under his leadership, the company has continued to evolve its product offerings and expand its global reach.

What is the current price of Thomson Reuters Corporation?

The current price of Thomson Reuters Corporation is 176.52

When was Thomson Reuters Corporation last traded?

The last trade of Thomson Reuters Corporation was at 7:00 pm EST on February 24th, 2025

What is the market capitalization of Thomson Reuters Corporation?

The market capitalization of Thomson Reuters Corporation is 87.75B

How many shares of Thomson Reuters Corporation are outstanding?

Thomson Reuters Corporation has 497.12M shares outstanding.