Reuters’ Enterprise Segment Tanks in Q1
FRONT PAGE: VENDOR UPDATE
LONDON--The enterprise business segment of Reuters saw revenues fall to £116 million ($205 million) during the first quarter of 2004, down from £142 million in the same period last year, according to the vendor’s first quarter results announced last week.
Reuters’ finance director, David Grigson, says the enterprise segment was "where we saw the biggest declines this quarter."
The enterprise segment had recurring revenue that fell by 20 percent on a year-on-year basis while outright revenue fell
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