RELX (NYSE: RELX) Achieves 10% Profit Rise in H1, Thanks to AI-Powered Analytics

LONDON – Britain’s RELX (NYSE: RELX) said demand for its analytics, underpinned by AI, was driving strong growth as it reported a 10% rise in adjusted operating profit in the first half.

“Our improving long-term growth trajectory continues to be driven by the ongoing shift in business mix towards higher growth analytics and decision tools that deliver enhanced value to our customers across market segments,” said Chief Executive Erik Engstrom.

The company reported an adjusted operating profit of 1.58 billion pounds ($2 billion) on revenue of 4.64 billion pounds for the six months to June.

It increased its interim dividend by 7% to 18.2 pence a share and reaffirmed its full-year outlook.

($1 = 0.7765 pounds)

(Source: ReutersReuters)

NYSE: RELX RELX

Mary Lee

Mary Lee is a freelance writer and journalist based in Toronto, Canada. She holds an M.S. degree in business and economic journalism from Columbia University’s Graduate School of Journalism in New York and a certificate in digital marketing from the University of Toronto.

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