29th Apr 2014 09:45
LONDON (Alliance News) - SDL PLC - which provides web content management, analytics, social intelligence, campaign management and translation services - Tuesday said its performance in the first quarter was in line with management expectations, with the board remaining confident in the outlook for the rest of the financial year.
In a statement for the three months ended March 31, SDL said its language service segment had "solid earnings growth" with both gross and net margins ahead of the prior year and in line with management expectations. Revenue was broadly flat on last year. New contract wins in the period include Target, Accudyne and Kaspersky.
The technology segment's revenue performance was broadly flat on the first quarter last year and in line with management expectations. Licence bookings were ahead of the prior year and in line with expectations. New contract wins in the period include Majestic Wines, Dr Jays, Informatica and Nippon Japan.
Having recently launched the SDL Customer Experience Cloud, SDL said it remains on track with other product launches.
"We are pleased with the progress of the group, we have invested for the long term and are tracking to plan. We have a great team of people and continue to win new business and grow our customer base, particularly at the high end of the market to brands such as ASOS, SpecSavers and Nasdaq Inc where they have deep knowledge of customer experience and seek best of breed integrated technology," Mark Lancaster, chief executive and founder, said in a statement.
SDL shares were Tuesday quoted at 310.00 pence, down 1.0%.
By Samuel Agini; [email protected]; @samuelagini
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