Reuters recurring revenue from subscription products – which represents 93% of the Reuters’ core revenue – was £609 million for Q3 2003, a fall of 10.9% compared to a year earlier but slightly better than the firm’s own forecasts of 11-12%.
For more on Reuters troubles, read the story in Observer yesterday: Reuters hits fast forward to catch up with the ‘geeks’: The news and financial information firm suffered a string of hi-tech failures. Can it fight back?
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