Reuters sales grow in May
Reuters Group Chief Executive Tom Glocer today announced positive sales for the month of May and good progress on renewing and simplifying the company’s product line.
Tom Glocer said that new sales exceeded cancellations for the month of May, for the first time since May 2001.
However, he stressed that a more important milestone would be the first positive quarter and confirmed that there is no change to Reuters second quarter recurring revenue guidance of a decline of 6 – 6.5%.
Mr Glocer also announced good progress on revitalising Reuters product line, a key component of its Fast Forward business transformation.
He said: “While not wanting to overplay the importance of a single month’s data, we were very pleased to see sales turn positive in May.”
