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