Information solutions provider Thomson Corporation, US, has reported an 11 percent increase in revenues to $1.8 billion for the third quarter of 2007. The operating profit declined 1 percent to $312 million, attributable to $53 million of expenses related to the Reuters acquisition, a series of efficiency initiatives (THOMSONplus) and a $13 million charge related to a legal settlement. Diluted earnings per share increased to $4.61 in the third quarter, from $0.65 in the year-ago period, primarily driven by the gain from the sale of Thomson Learning's higher education, careers and library reference assets.
In the Scientific segment, revenues grew 8 percent to $160 million. While organic revenues contributed 5 percent, acquisitions added 1percent, and foreign exchange added an additional 2 percent. Strong performances from Scientific's information solutions and services, including ISI Web of Knowledge, Web of Science and solutions targeted at corporate customers, continued to drive growth in the quarter. Software solutions also contributed to Scientific's growth in the quarter. However, revenue growth was partially offset by declines in legacy online and print products.
For the healthcare segment, revenues increased 26 percent to $102 million. Revenues from acquisitions contributed 30 percent in the quarter, offset by a 4 percent decline in organic revenues. This was primarily due to the timing of the shipping of an annual PDR supplement in the second quarter of 2007 that was distributed last year in the third quarter. Revenue growth continued to be driven by Solucient, which further strengthened Thomson's management decision support products for healthcare providers.
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