(Alliance News) - SDL PLC said Tuesday it expects its 2019 revenue and operating profit to be "significantly" ahead of 2018 and in line with market expectations.
For 2018, the digital marketing software and content management firm posted revenue of GBP323.3 million with pretax profit of GBP18.4 million and adjusted operating profit of GBP29.0 million.
SDL ended 2019 with net cash of GBP26.4 million, up from GBP14.4 million at the end of 2018.
Chief Executive Adolfo Hernandez said: "In 2019, we saw many tangible benefits from our transformation and investment activities, including operational benefits from our business automation programme and from the successful acquisition of Donnelley Language Solutions in 2018.
"We launched our next generation SDL Language Cloud software platform, while further upgrades to our Neural Machine Translation products resulted in accelerated NMT revenue growth. We made further strong progress with our largest clients, across a range of sectors, including high tech, financial services and life sciences. We look forward to further progress in 2020."
SDL is scheduled to release its 2019 results on March 25.
Shares in SDL were 1.3% higher in London on Tuesday morning at 608.00 pence each.
By Paul McGowan; paulmcgowan@alliancenews.com
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