In the latest quarter, the company said revenue rose to US$1.67-billion with four business units seeing strong growth
reported rising revenue and raised its targets for the year while emphasizing to investors that its business model should prove resilient against potential shocks to the global economy from war in Europe and rising interest rates.
“When you look at the potential outcomes of the war [in Ukraine], the potential outcomes of interest rate tightening by the central banks, what happens next with COVID-19, and how all of those things play into geopolitics, it’s quite an uncertain time,” Mr. Hasker said in an interview. “And you don’t have to be a doomsdayer to come up with some pretty nasty scenarios for 2022 and 2023.”
His focus on valuations relates to the company’s stated pursuit of acquisitions to bolster its core business units, which have been hampered in recent quarters by the high price tags attached to technology and software companies. Of late, there appears to be “more downward pressure than up” on company valuations, and Mr. Hasker is increasingly hopeful that Thomson Reuters can do “a few transactions this year and next.
Adjusted to exclude those items, Thomson Reuters said it earned 66 US cents per share, ahead of the consensus estimate of 61 US cents among analysts, according to Refinitiv.
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