RELX Plc (REL) Q2 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.275 Thank you for taking the time to join us today. 00:00:03.275 -- 00:00:07.721 As you may have seen from our press release this morning, we delivered strong financial 00:00:07.721 -- 00:00:14.467 results in the first half, and we made further operational and strategic progress. 00:00:14.610 -- 00:00:18.555 Underlying revenue growth was 7%. Underlying 00:00:18.555 -- 00:00:22.778 adjusted operating profit growth was 10%. 00:00:23.222 -- 00:00:28.162 Adjusted earnings per share growth was 10% at constant currency. 00:00:28.162 -- 00:00:34.807 And we have announced a 7% increase in the pound sterling interim dividend. 00:00:35.870 -- 00:00:39.794 All four business areas continue to perform well. 00:00:39.794 -- 00:00:44.920 And on this chart, you can also see the relative sizes of the segments within 00:00:44.920 -- 00:00:47.542 each business area. 00:00:47.542 -- 00:00:52.848 In risk, underlying revenue growth was 8%, and underlying adjusted operating 00:00:52.848 -- 00:00:55.829 profit growth was 9%. 00:00:55.955 -- 00:01:01.663 Strong growth continues to be driven across segments by our deeply embedded AI-enabled 00:01:01.663 -- 00:01:06.711 analytics and decision tools, with 90% of divisional revenue now 00:01:06.711 -- 00:01:10.156 coming from machine-to-machine interactions. 00:01:10.156 -- 00:01:15.904 In business services, which represents around 45% of divisional revenue, 00:01:15.904 -- 00:01:21.312 growth continues to be driven by financial crime compliance and digital fraud and identity 00:01:21.312 -- 00:01:22.714 solutions, 00:01:22.714 -- 00:01:26.060 with new sales strengthening further. 00:01:26.060 -- 00:01:31.709 In insurance, which represents just under 40% of divisional revenue, 00:01:31.709 -- 00:01:36.757 growth w...