Reuters' 1Q Results: Not Stellar, But Better Than Expected

VENDOR STRATEGIES

Reuters reported a six per cent growth rate in its core information products business in the first quarter, a rate that analysts said was better than expected. However, that rate will probably not improve for the remainder of the year. The six per cent rate excludes the effects of currency fluctuations; at actual exchange ranges, revenue in Reuters' core business was down five per cent, due to the impact of the strong pound.

1997 is a transitional year for Reuters; the vendor is in the proces

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