Latest news with #MichaelEastwood
Yahoo
02-05-2025
- Business
- Yahoo
Thomson Reuters Corp (TRI) Q1 2025 Earnings Call Highlights: Strong Organic Growth and ...
Organic Revenue Growth: 6% overall, with the Big 3 segments growing by 9%. Adjusted EBITDA: $809 million, with a 40 basis point margin decline to 42.3%. Legal Professionals Organic Revenue Growth: 8%. Corporates Organic Revenue Growth: 9%. Tax & Accounting Organic Revenue Growth: 11%. Reuters News Organic Revenue Decline: 7%. Global Print Organic Revenue Decline: 5%. Adjusted EPS: $1.12, compared to $1.11 in the prior year period. Free Cash Flow: $277 million, up 3% from the prior year period. Dividend Increase: 10% to $2.38 per share. Acquisition: SafeSend for $600 million. Release Date: May 01, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Thomson Reuters Corp (NASDAQ:TRI) reported a strong start to 2025 with total company organic revenues rising 6%, and the Big 3 segments growing by 9%. The company reaffirmed its full-year 2025 outlook, expecting organic growth in the range of 7% to 7.5%, with margins projected to rise by 75 basis points to approximately 39%. Key products such as CoCounsel, SurePrep, and SafeSend showed double-digit growth, contributing to the company's positive performance. Thomson Reuters Corp (NASDAQ:TRI) continues to invest heavily in innovation, launching new products like CoCounsel Tax, Audit and Accounting, and enhancing existing offerings with AI capabilities. The company completed the acquisition of SafeSend for $600 million, which is integrating smoothly and contributing positively to the business. Reuters News segment saw a 7% decline in organic revenues due to a difficult comparison with the previous year's AI-related transactional content licensing revenue. Global Print organic revenues declined by 5%, in line with expectations, reflecting ongoing challenges in this segment. Adjusted EBITDA was essentially unchanged year over year at $809 million, with a 40 basis point margin decline to 42.3%. The company faces potential challenges from economic uncertainties, including the impact of trade wars and tariff changes, which could affect customer spending patterns. Despite strong performance, there is a level of nervousness among customers regarding the economic backdrop for the rest of the year, which could impact future demand. Q: Have you seen any changes in demand or buying patterns due to the trade war? A: Steve Hasker, CEO, noted that they have not seen changes in demand yet. The business remains resilient with over 80% recurring revenues. However, there is a level of nervousness among customers about the economic backdrop and tariff implications. Michael Eastwood, CFO, added that their sales and renewal pipelines remain strong with consistent order values. Q: Are there any segments more vulnerable to a slowdown in buying? A: Michael Eastwood, CFO, stated that they do not foresee significant impacts on any segments. The transactional revenue, which is 12% of the total, is largely repeat business. Global Print, which is 7% of total revenue, has 45% governed by multiyear contracts. Reuters News' digital advertising and events are only about 1.5% of total revenue. Q: Can you elaborate on the growth potential of the CoCounsel Drafting product? A: Steve Hasker, CEO, emphasized that drafting is a critical task for legal professionals, and automating it offers significant efficiency and accuracy improvements. While he didn't provide a specific TAM, he highlighted the unique value of their proprietary content sets in creating accurate drafts. Q: How are you approaching GenAI monetization across different segments? A: Michael Eastwood, CFO, explained that they focus on pricing to value, maintaining enterprise-wide pricing rather than per seat. They are mindful of variable costs, including those associated with large language models, and are pleased with the overall pricing strategy. Q: What drives the acceleration in organic growth for the remainder of the year? A: Michael Eastwood, CFO, attributed the acceleration to strong net sales and bookings across the Big 3 segments. He highlighted the product roadmap and recent acquisitions as key factors supporting continued growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Associated Press
04-03-2025
- Business
- Associated Press
Refai Reshapes Loan Terms & Interest Costs for Australian Homeowners Via AI-Powered Solutions
03/04/2025, East Brisbane, QLD // KISS PR Brand Story PressWire // For Australian homeowners, mortgage repayments can feel like a never-ending burden. With the help of artificial intelligence, however, they can pay off a home loan faster while saving thousands in interest. Refai, a financial technology company, is helping homeowners have access to smarter mortgage reduction strategies that make financial freedom a reality. By identifying inefficiencies in loan structures and repayment patterns, Refai's innovative platform helps borrowers eliminate unnecessary interest costs and reduce their mortgage terms by 10 to 15 years. Instead of relying on one-size-fits-all refinancing options, this AI-driven system tailors strategies to each homeowner's unique financial situation, helping them pay off their loans faster without major lifestyle sacrifices. With rising property prices and unpredictable interest rate changes, Australians can no longer afford to leave their mortgage strategy to chance. 'Most homeowners are paying far more than necessary simply because they don't realize better options exist,' explains a Refai spokesperson. 'Our AI technology uncovers potential savings and shows borrowers strategies to reduce their loan terms and minimize interest payments.' The company's system analyzes key factors such as outstanding balances, income flow, and repayment habits. It then provides homeowners with clear, data-driven strategies on how to optimize their path to homeownership—whether by adjusting payment structures, refinancing at the right time, or managing cash flow more efficiently. By removing the complexity from mortgage management, Refai enables borrowers to make smarter financial decisions with confidence. Unlike traditional refinancing, which often focuses on short-term rate reductions, its AI tool goes deeper, offering long-term data breakdowns. Homeowners can use the platform to explore different repayment scenarios, identify interest-saving opportunities, and take proactive steps to shorten their loan terms. This often results in cutting a decade or more off their mortgage. With household budgets under increasing pressure from rising interest rates, the ability to pay off a mortgage sooner is more valuable than ever. Many homeowners don't realize that waiting too long to optimize their loans could mean paying tens of thousands more in interest. Refai helps Australians avoid that mistake by providing instant, personalized insights that make reducing mortgage debt easier and more achievable. By harnessing AI-powered solutions, Refai is not only changing how Australians manage their home loans but also empowering homeowners to take control of their financial future. With the right tools, borrowers can eliminate interest waste, accelerate their mortgage payoff, and secure long-term financial stability. Founded by Marcus Jovanovich & Michael Eastwood, Refai is an Australian technology platform that helps homeowners accelerate mortgage repayment using AI-driven insights. By analyzing individual financial situations, Refai identifies powerful strategies that potentially reduce interest costs and shorten loan terms—often cutting mortgage timelines to 7–10 years instead of 30. Through AI-powered tools and strategic consultations, the company empowers Australians to take control of their home loans and achieve financial freedom faster.
