Signs of Growth in Reuters' First Half
VENDOR UPDATE
LONDON—After years of steady revenue declines, Reuters CEO Tom Glocer's oft-criticized Fast Forward cost-cutting plan appears to have finally paid dividends and returned the vendor to growth, according to Reuters' first half financial results for 2005, announced last week.
The vendor also provided a strategy to follow the Fast Forward initiative (see page 1). Details of the strategy attracted much interest to the results call, but so did the actual results. In particular, revenues for the first
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