21st Jan 2019 11:14
LONDON (Alliance News) - SDL PLC on Monday said it anticipates to report at least 30% growth in 2018 earnings, helped by the roll-out of new platform and purchase of linguistic provider.
The language translation software provider said revenue for 2018 in estimated in the range of GBP323 million and GBP325 million and adjusted earnings before interest, taxes, and amortization no less than GBP28.5 million.
In 2017, SDL generated revenue of GBP287.7 million and adjusted Ebit of GBP22.0 million.
'We are very pleased with the financial and strategic progress made in 2018, which has included the roll-out of our business automation platform, investment in our technology platforms and the acquisition of Donnelley Language Solutions, which was completed in July," said Chief Executive Adolfo Hernandez.
"We look forward to driving further strategic progress, profit growth and shareholder value in 2019," added Hernandez.
SDL will release its 2018 results on March 20. The stock was trading 1.2% higher on Monday at 526.00 pence each.
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