Reuters' Mixed Results Point to Growth
VENDOR UPDATE
LONDON--Reuters’ 2004 preliminary fiscal results saw group operating profits, including Instinet, jump 52 percent to £198 million ($360 million), pointing the way toward growth in 2005.
However, Reuters is still suffering from a lack of growth in recurring revenues, and saw group revenues fall 11 percent to £2.885 billion ($5.251 billion).
Reuters is suffering a lack of revenue growth in its market data systems business, which fell by 10 percent on an underlying basis from 2003, despite
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