A Gr8 2008 for Reed Elsevier and Thomson Reuters

Despite almost daily troubling news from law firms, the parent companies for both LexisNexis and Westlaw have reported solid performances in 2008. Here are some of the numbers:

Thomson Reuters Legal Division

  • Fourth-quarter revenues were $887 million, up 6% before currency (up 1% after currency) primarily due to continued strength in international online products, and growth in Westlaw and within software and services led by FindLaw.
  • Fourth-quarter operating profit was $282 million, a 4% increase. The corresponding margin of 31.8% represented a 70 basis point improvement from a year ago. Margin expansion was due to strong revenue flow-through and efficiency savings.
  • For the full year, revenues increased 6% to $3.5 billion driven by continued strong performance from Westlaw, and double-digit growth from international online products. FindLaw and Elite helped more than offset slowing ancillary (additional services above base subscription) revenues. Print and CD revenues were up 1% for the year.
  • Full-year operating profit increased 9% to $1.1 billion, with the related margin increasing 60 basis points to 32.1%.

For the full press release, click here.

Reed Elsevier

  • Information provider LexisNexis enjoyed a 22pc increase in profits

For the full article, click here.

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