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Thomson Reuters regrets speed of billion dollar Eikon desktop switchover

Leo King | Nov. 9, 2011
Thomson Reuters has said it made a mistake with the fast launch speed of a billion dollar desktop product for financial traders, called Eikon.

Last week, Thomson Reuters reported a $381 million (£237 million) third-quarter profit for its markets division, up eight percent, though revenues grew only one percent.

"A number of operational and organizational changes were made during the quarter that are intended to drive growth and capture operating efficiencies," said the company in its financial statement, "including reorganising the sales force, flattening the management structure and reprioritising product development".

 

 

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