Relx: revenue jumps thanks to AI demand
Data group Relx has reported a seven per cent jump in revenue in 2024 as demand for its analytics and decision tools continued to grow.
The information and analytics giant, which serves industries ranging from legal to risk and science sectors, saw adjusted profit rise 10 per cent to £3.2bn, while earnings per share increased nine per cent to 120.1p.
The company announced a seven per cent increase in its full-year dividend to 63p and confirmed plans for a £1.5bn share buyback in the next year, up from £1bn last year.
Relx’s shift towards high-growth analytics and AI-driven tools has been a key driver of its long-term strategy.
The company has been embedding AI into its products for over a decade and recently rolled out Lexis+ AI, its advanced research tool, across multiple markets.
Chief executive Erik Engstrom highlighted the company’s AI and data solutions investment as a major contributor to revenue growth.
“We develop and deploy these tools across the company by leveraging deep customer understanding to combine leading content and data sets with powerful AI and other technologies.”
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