and that you sacrificed the brand for personal gain. >> we agreed to sell reuters to thompsonit closed in april of 2008. reuters was 98% dependent on financial services and highly concentrated on europe and sell side. the board and i felt very strongly that reuters wouldn't be able to make it through another recession. we had no idea of course that the magnitude of what was coming. so looking back at that i'm very happy that reuters has a good home within a larger and more diversified thompson reuters and it's a great company and great people. >> what about sacrificing the brand? >> most of our shareholders in london view it as a good thing. >> great to chat to you. guys i'll hand back to you. >> julia, thank you very much. talking shares from the shores of lake como. let's remind you of the headlines. commerce bank pays out $1.5 billion to u.s. officials for various violations. they're due in over an hour with forecasts calling for a rate cut and herbal life shares soors on reports of a probe tied to bill ackman. we'll be back in a couple of minutes. heroes charge! ♪ (explosi

for q4 were incorrect and that led to then very different consensus number for thompson-reuters. we got that cleaned up but we had a little bit of distraction in the news yesterday and obviously kicking off the call. we thought it was an incredibly strong quarter. there's obviously more we need to be doing and that's what we're working on now. cory: i think e.p.s. is a dumb way to look at it -- well it makes sense to look at earnings per share but it's become a confused metric with share buybacks, especially right after a company goes public, and you had warrants that were converted ancon veritable shares that were converted. what do you think is the metric that will help us understand box? >> the metric we talk about is our revenue, top line, the growth rate, our operating income our convergence toward cash flow break even which dylan, our c.f.o. announced yesterday were guiding into quarters to get cash flow even. billings which weal update on a quarterly basis is an important metric. those are things we think will be meaningful to the health of the business. cory: and the reve

this according to thompson reuters. overall deals were lower but dollar volumes were up because bigger companies were involved in m and a. health care leading the way with three deals announced yesterday alone alone. which switch to an industry seeing a hard time. it's one of the biggest causalities in drop off for demand. measures the shipping capacity against the supply of carriers is down 24% this year. the outlook for container shipping characters will remain challenging given large debt lifls lifl levels and the inability to adapt adapt. >> thank you for having me. >> we have been putting more focus on the industry given the sharp reversal in oil prices as of late. is it just oil prices resulting in the slow down we're seeing in the shipping industry or is there a larger story here? >> well the oil prices have been a mixed blessing for the different types of ships. quite good for the tanker market because people are moving oil around and storing oil in tankers. it's been pretty good for the container market and the

thompson reuters corrected the number. they landed at the 199 figure.beat the estimates from analysts. we think we had a great quarter. for the most part we're focused on execution. we had great quarter behind us. we have a lot of growth going on this year. our number one focus right now is absolutely on execution on the business. >> well, the problem is that execution on the business, the revenue guidance was abysmal. >> well, yeah. maybe it was a great quarter. maybe the analysts got it wrong. but the guidance, what does the analyst have to do with the guidance? kelly evans had a great interview and i think jim cramer had a great follow-up saying maybe they're not ready for prime time. and as great as your quarter might think it is. if the stock is down 12% on the back of it, it wasn't all that good. >> i would completely agree. this is the is the nothing to do with share count. not only that, as we talked about last night, this wasn't a surprise to them. you knew that the estimates were wrong. so why wouldn't you go out and attempt to fix that ahead

and just to confirm, we actually -- the thompson reuters number which had a different eps calculation, unfortunately, included a miscalculation of shares. they ended up apologizing for that and has corrected the numbers and they landed at the $1.99 figure. on revenue, on operating income on billings we beat the estimates from analysts. obviously we are still pushing on growth. we're going after our $25 billion market and we anticipate a lot more growth in this business. >> i have to say, kelly and i heard from an analyst who follows your company very closely and his message was, look aaron levie is playing this game way too much way too early in the process. you just came public. this is your first earnings report. keep your head down and run the company in and don't worry about the perceptions at this point. so what do you say? do you feel like you're coming off a little too defensive this early in the game? >> well we obviously want to make sure that we set appropriate expectations and our communication as well is in line with the market and for the most part we're just focused on e