LONDON (IT BOLTWISE) – British trade publisher Relx has recorded an impressive 7 percent increase in sales in the first nine months of the year. Particularly noteworthy are the successes in the trade fair business and the high demand for AI applications, which are driving growth significantly. The company relies on information-based analysis and decision-making tools, which are becoming increasingly important in various industries.
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British specialist publisher and database provider Relx achieved a remarkable 7 percent increase in sales in the first nine months of 2023. This growth is primarily due to the successful integration of artificial intelligence into their products and services. Relx was particularly impressive in the trade fair business with an increase of 8 percent, which underlines the importance of physical events in the digital era.
Relx has established itself as a pioneer in the use of AI technologies in recent years. The demand for information-based analysis and decision-making tools powered by AI has increased sharply. These tools offer companies the opportunity to make informed decisions and optimize their business processes. Integrating AI into Relx’s existing systems has not only increased efficiency but also opened up new business opportunities.
Another area where Relx is seeing significant growth is legal services. With growth of 9 percent in this sector, demand for specialized services for law firms, academia and governments remains unbroken. This development reflects the trend that more and more industries are relying on specialized, data-driven solutions to increase their efficiency and secure competitive advantages.
For the current financial year, Relx has set the target of robust underlying growth in both sales and adjusted operating profit. This forecast is based on the assumption that demand for AI-based solutions and trade fair events remains strong. The strategic focus on innovative technologies and continuous adaptation to market needs position Relx as one of the leading providers in the industry.
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