News

Thomson Reuters has reported results for the first quarter ended March 31 that show the much smaller size of the company after it sells ownership of its Financial & Risk business. Thomson reported 4-percent revenue growth for the business that will remain after Blackstone acquires a 55-percent stake in F&R.

Sales and use tax company Avalara has filed its long-awaited bid go public. In its filing with the SEC, the Seattle, Wash.-based company said it will seek a maximum of $150 million in proceeds from the offering.

Cloud software vendor Xero sharply cut its loss for the year ended March 31. The New Zealand-based company this week said the loss for the recently ended year was about $19.3 million, 60-percent lower than in 2017. It also reported its first positive annual EBITDA, roughly $18 mill

Automated Data Processing expects to take about $296 million in pre-tax charges in the fourth quarter ending December 31. The charges are a combination of $46 million in what the company says are transformation charges and roughly $250 million stemming from a voluntary early retirement program.