Thomson Financial has reported a five per cent decline in revenues for the quarter ended September 30 2003, although earnings were up eight per cent to $107m.
The firm's revenues declined 5% to $375 million, while adjusted EBITDA increased eight per cent.
In a statement, Thomson Financial says its revenue decline has slowed in the US markets - where it has signed key contracts for its Thomson One product line - but is still being affected by "ongoing softness in the European financial markets."
Last week Reuters, which posted a eight per cent decline in group revenues for Q3 2003, claimed the US and Asia markets were picking up while Europe remained weak.