Reuters Forecasts More Positive Q2, Gloomy H2
ORGANIZATION & STRATEGY
Reuters last week released better than expected financial results for the first quarter of 2004 as a result of several new deals. However, revenues continue to drop.
First quarter revenue fell to £598 million from £670 million in the first quarter of 2003, with core recurring revenue down 8.4 percent. But, crucially from the vendor’s point of view, the rate of decline again slowed—this time by more than Reuters’ forecasted decline of 9 percent or less. Reuters is predicting that the decline will
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