Thomson Reuters' CEO Discusses Q4 2011 Results - Earnings Call Transcript

Thomson Reuters (TRI)

Q4 2011 Earnings Call

February 09, 2012 8:30 am ET


Frank J. Golden - Senior Vice President of Investor Relations

James C. Smith - Chief Executive Officer and Director

Stephane Bello - Chief Financial Officer


Michael A. Meltz - JP Morgan Chase & Co, Research Division

Suzanne E. Stein - Morgan Stanley, Research Division

Tim Casey - BMO Capital Markets Canada

Paul Steep - Scotiabank Global Banking and Market, Research Division

Brian Karimzad - Goldman Sachs Group Inc., Research Division

Matthew Chesler - Deutsche Bank AG, Research Division

Drew McReynolds - RBC Capital Markets, LLC, Research Division

Sara Gubins - BofA Merrill Lynch, Research Division

William G. Bird - Lazard Capital Markets LLC, Research Division

Vince Valentini - TD Securities Equity Research

Claudio Aspesi - Sanford C. Bernstein & Co., LLC., Research Division



Ladies and gentlemen, thank you for standing by. Welcome to the Thomson Reuters Full Year and Fourth Quarter 2011 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to our host, Senior Vice President of Investor Relations, Mr. Frank Golden. Please go ahead, sir.

Frank J. Golden

Good morning, and thank you for joining us as we report fourth quarter and full year 2011 results. We will begin today with our CEO, Jim Smith; followed by Stephane Bello, our CFO. Following Jim and Stephane's presentations, we will open the call for questions, but please limit yourselves to one question each. Throughout today's presentation, keep in mind that when we compare period -- performance period-on-period, we look at revenue growth rates before currency as we believe this provides the best basis to measure the underlying performance of the business. In addition, today's results are presented on an ongoing basis and exclude disposals announced in 2011, including our Healthcare business.

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