Thomson Reuters Begins Final Thomson One Phase-Out

The vendor recently sent end-of-life notices to customers of its legacy Thomson One desktops, announcing that it will retire the platform next year.

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First-quarter revenues for Thomson Reuters’ Financial and Risk division, which include sales of the vendor’s flagship Eikon terminal and datafeeds, fell by 1 percent to $1.509 billion as a result of a 13 percent decrease in recurring revenue—which accounts for 77 percent of the division’s total revenue—caused by ongoing changes to commercial models as the vendor completes the migration from legacy products.

However, officials say sales of financial products are up, with all regions apart from EM