Thomson Reuters bumped up its revenue targets after reporting double-digit growth in its three main business segments. The Canadian provider recorded $448 million net earnings, or $1.02 per share, up from $313 million or 69 cents year earlier. Adjusted per-share earnings rose to 99 cents, surpassing analyst forecasts of 96 cents. Revenue grew 9.5% to $1.95 billion, exceeding the $1.91 billion mean forecast. Growth was partly attributed to 1% from foreign currency and 1% from net acquisitions. The company emphasized increased spending on artificial intelligence for its products.

The firm’s performance reflects strong demand across its news, legal, and tax businesses. Second-quarter results highlighted consistent outperformance in both revenue and earnings metrics. Analysts noted the company’s strategic focus on AI integration as a key growth driver.

Factors like currency fluctuations and strategic acquisitions contributed marginally to the growth. Thomson Reuters’ ability to leverage AI investments while maintaining organic growth underscores its market position. The company remains optimistic about sustaining momentum in the second half of the year.