Reuters: Systems Sales Down by Half
VENDOR UPDATE
LONDON--Reuters' third quarter financials, announced last week, revealed that outright revenues from system sales and consulting fell by almost half for the Treasury and Investment Banking and Brokerage Services customer segments, compared to the same quarter last year, officials say.
The dramatic drop is attributed to users either deferring installations or canceling them--a trend Reuters chief financial officer (CFO) David Grigson says the vendor is expecting to continue. The vendor is
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