Thomson Reuters quarterly revenue rises, lifts cash flow outlook ...Middle East

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Thomson Reuters quarterly revenue rises, lifts cash flow outlook
Thomson Reuters, which owns Reuters News, said in a statement that its quarterly revenue rose 2% to $1.44 billion, while its operating profit rose 21% to $318 million. "I’m very pleased to report our markets and businesses continue to prove resilient in the face of a challenging broader macro-environment," Chief Executive Steve Hasker said. Adjusted earnings before interest, tax, depreciation and amortization surged 42% from a $100 million cost cutting program this year related to the pandemic and higher revenue, Thomson Reuters said.

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