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BUZZ-Translation software maker SDL: boosted by outlook

Wed, 15th Oct 2014 07:41

** Translation software maker SDL rose 4.7 pct aftersaying it remained confident of achieving FY forecast.

** The company said Q3 performance in line with managementexpectations and profit for year on track.

** The technology segment's new license bookings had anotherquarter of considerable growth creating good year-on-yearconstant currency revenue growth and annual recurring revenuegrowth, the company said.

** "Our view is that SDL has been wrenched from pillar topost in the last 12 months, but the product set has matured andexecution risk is lower.", Panmure Gordon said, keeping its"buy" rating on the stock. (RM://noor.hussain.thomsonreuters.com@reuters.net)

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