The increasing demand for artificial intelligence and live conferences has positioned Relx for revenue and operating profit growth this year.

This information and analytics conglomerate, a significant player in the FTSE 100 with a market capitalization exceeding £65 billion, recorded an underlying sales increase of 7 percent during the first nine months of the year.

In the company’s Risk division, which accounts for over a third of overall revenues for the first half of the year, there has been a notable uptick in services related to digital fraud prevention and identity verification, particularly within the insurance sector. Additionally, the legal sector, which encompasses the LexisNexis database, saw a 7 percent rise.

The Scientific, Technical, and Medical division, the owner of ScienceDirect—boasting the most extensive database of scientific and medical literature with over 2,700 journals—experienced a growth of 4 percent. This unit has also noted a significant rise in article submissions within the pay-to-publish model.

Interestingly, the exhibitions segment, which includes events like World Travel Market, Comic Con, and the London Book Fair, emerged as the top performer, showcasing a notable 13 percent increase during the same period.

Relx commented, “We continue to see positive momentum across the group, and we anticipate another year of robust underlying growth in revenue and adjusted operating profit, along with strong advancements in adjusted earnings per share.”

Formerly known as Reed Elsevier until 2015, Relx has transitioned from its origins as a publisher of books and magazines, having divested its last print publication in 2019. Currently, a significant 84 percent of its revenue is derived from digital sources, while print accounts for a mere 4 percent.

The company employs over 36,000 individuals, with approximately 40 percent of its workforce located in North America, and maintains offices across 40 countries. Its share prices have surged nearly 30 percent in the past year, closing up by 35p, or 1 percent, at £36.24.