Thomson Reuters, the newest global financial and professional information service provider on the block, expects double-digit revenue growth in the region this year on strong demand, managing director for Asia Michael Peace said.
The firm started operating under the joint name yesterday after Canadian financial data provider Thomson Corp acquired financial news agency Reuters Group last year for US$17.2 billion.
Thomson has a strong presence in North America, focusing on providing information to professionals in finance, law, technology and health care. Reuters has been offering financial and market information worldwide. They compete with Bloomberg in the financial sector.
After the merger, the pro forma revenue for Thomson Reuters reached US$12.4 billion last year. It made 60 per cent of revenue providing financial and market information and the remainder from information for other professional services.
The new entity now employs more than 50,000 in 93 countries.
'The merger should help us compete in the market with the most professional information, no matter if it's a financial or other professional sector,' said Mr Peace yesterday.