Reuters Posts 7% Growth Rate In Core Business
EARNINGS REPORT
LONDON--Reuters reported a 7 percent increase in its core information services business for 1997; a slight increase over the 5 percent the company posted in 1996. A new range of information products targeted to users off trading floors was well received, especially in Europe.
Recurring revenue from information products, the closest representation of its market data business that Reuters publishes, totaled $2.71 billion in 1997, a 7 percent increase over 1996, excluding the effects of currency
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