Thomson Reuters Sees Mixed Q1 Financials, Cash Flow on Hand Explodes
- Thomson Reuters' financials were a mixed bag during Q1, with revenues and profits leaving something to be desired.
Thomson Reuters (NYSE:TRI) has reported its Q1 2016 operating figures, which were generally lower across the board relative to the same figures for 2015 – the one saving grace was an influx of cash flow from its operations, which secured a virtual groundswell in 2016, according to a Thomson Reuters statement.
In terms of its revenues, Thomson Reuters disclosed a figure of $2.79 billion in Q1 2016, which was good for a YoY decline of roughly -1.0% from $2.82 billion in Q1 2015. In addition, operating profits also took a tumble, falling to $310.0 million in Q1 2016, vs. $362.0 million in Q1 2015, or -14.4% YoY.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Continuing with this trend, Thomson Reuter’s earnings per share (EPS) on a diluted basis were also firmly pointed lower in Q1 2016, crumbling to just $0.26 from $0.33 in Q1 2015, representative of a -21.0% YoY decline. The group’s decreases in operating profit and diluted EPS were primarily reflective of adverse fair value adjustments associated with foreign currency embedded derivatives across select customer contracts.
A Tale of Two Financials
However, cash flow from operations, which also encompassed discontinued operations, exploded to $458.0 million in Q1 2016, jumping 88.0% YoY from just $244.0 million in Q1 2015.
Another area that saw improvement during Q1 2016 was the adjusted EBITDA figure, inching higher to $748.0 million in Q1 2016, up 2.0% YoY from $734.0 million in Q1 2015. Overall, EBITDA figures, as well as Thomson Reuters’ EBITDA margin during the quarter (26.8%) were helped by savings related to efficiency initiatives and platform closures completed in 2015.
Thomson Reuters (NYSE:TRI) has reported its Q1 2016 operating figures, which were generally lower across the board relative to the same figures for 2015 – the one saving grace was an influx of cash flow from its operations, which secured a virtual groundswell in 2016, according to a Thomson Reuters statement.
In terms of its revenues, Thomson Reuters disclosed a figure of $2.79 billion in Q1 2016, which was good for a YoY decline of roughly -1.0% from $2.82 billion in Q1 2015. In addition, operating profits also took a tumble, falling to $310.0 million in Q1 2016, vs. $362.0 million in Q1 2015, or -14.4% YoY.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Continuing with this trend, Thomson Reuter’s earnings per share (EPS) on a diluted basis were also firmly pointed lower in Q1 2016, crumbling to just $0.26 from $0.33 in Q1 2015, representative of a -21.0% YoY decline. The group’s decreases in operating profit and diluted EPS were primarily reflective of adverse fair value adjustments associated with foreign currency embedded derivatives across select customer contracts.
A Tale of Two Financials
However, cash flow from operations, which also encompassed discontinued operations, exploded to $458.0 million in Q1 2016, jumping 88.0% YoY from just $244.0 million in Q1 2015.
Another area that saw improvement during Q1 2016 was the adjusted EBITDA figure, inching higher to $748.0 million in Q1 2016, up 2.0% YoY from $734.0 million in Q1 2015. Overall, EBITDA figures, as well as Thomson Reuters’ EBITDA margin during the quarter (26.8%) were helped by savings related to efficiency initiatives and platform closures completed in 2015.