Thomson Reuter to sell its Enterprise Risk and Portia businesses

Thomson Reuters is to sell its Enterprise Risk and Portia businesses. Both of these transactions are expected to close in the second half of 2011.

The announcement was made when the company reported results for the first quarter ended March 31, 2011.

Summary of the results:

  • Revenues of $3.2 billion, a 5% increase before currency
  • Underlying operating profit of $556 million, up 1% (8% before one-time charges)
  • Underlying operating profit margin was 17.2% (18.4% before one-time charges)
  • Adjusted earnings per share were $0.39 ($0.42 before one-time charges) vs. $0.36 in first quarter 2010
UK, London & USA, New York, NY

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