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Thomson driven by TradeWeb and workstation conversions

27 July 2005  |  5257 views  |  0 Thomson driven by TradeWeb and workstation conversions

Thomson Financial is reporting revenue growth of 13% in its financial services business for the second quarter, driven by a solid performance at TradeWeb and momentum in Thomson One workstation sales.

The Canadian conglomerate is reporting financial services revenues of $470 million for Q2 2005, and adjusted operating profit up ten per cent at $75 million, including a $14 million insurance recovery.

Organic revenue growth was due primarily to higher volume within transaction-based businesses, including TradeWeb, as well as continued strong demand for corporate services and Thomson One workstations.

Workstation installation are up 42% to 96,000 year-on-year, as a result of continued user migration from legacy products and new client wins.

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