Mifid II Bites into Thomson Reuters Desktop Revenues
Execs blame lower-than-expected revenue increases on uncertainty around the upcoming Mifid II regulation.
During a call with analysts on Wednesday, November 1, Thomson Reuters president and CEO Jim Smith said that overall revenues for the quarter were “lower than expected,” and singled out underperformance in its Financial & Risk division, where revenues rose marginally from $1.52 billion in Q3 2016 to $1.54 billion in Q3 2017—weaker than expected, despite the division achieving positive net sales.
Growth during the quarter was driven by a five percent increase in the Elektron Data Platform and
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