The Globe and Mail reports in its Wednesday edition that Thomson Reuters continues to boost revenue through organic growth and is looking at acquisitions after selling control of its financial and risk unit earlier this year. The Globe's Tim Kiladze writes that in the third quarter, the company's total quarterly revenue from businesses it retained grew by 3 per cent from the same period a year ago. Sales from its legal division, which delivers the bulk of its revenue, jumped 4 per cent. Encouraged by the numbers, investors sent Thomson Reuters shares to a record high $63.05 on Tuesday, up $2.77. The company's recent revenue growth has come from longer-term contracts and not from one-time gains that come and go each quarter. Recurring revenues account for roughly three-quarters of Thomson Reuters's business, and those sales in the legal division climbed 5 per cent higher in the third quarter over the year prior. "Most of our revenues are subscription-based; most of those are in multiyear contracts," chief executive officer Jim Smith told The Globe. "What you see in the third quarter is the continuation of good solid sales momentum, enhanced a little bit by some innovation we've released this year."