TradeWeb boost to Thomson Financial revenues

TradeWeb boost to Thomson Financial revenues

Thomson Financial has posted a 17% increase in first quarter revenues to $458 million, largely due to the value generated by the acquired TradeWeb fixed income network.

Adjusted operating profit in the financial services division of the Canadian corporation increased 18% to $65 million in the quarter compared to Q1 2005

While Q1 revenue growth was due largely to acquisitions, Thomson Financial also experienced its fourth consecutive quarter of organic growth. The firm says organic revenue was driven by higher volumes within transaction-based businesses and growth in demand for Thomson ONE workstations.

Sales of Thomson ONE workstations increased 9% since the beginning of 2005, including legacy migrations from existing customers and new client wins.

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