SDL to beat forecasts

Document and patent translation specialist SDL expects both revenue and profits for the year just ended to come in ahead of market forecasts.Revenue for 2010 is expected to be in the range of £202.5m to £203.5m (2009: £171.9m) compared with analyst consensus expectations of £191.1m. Underlying profits should be in the range of £34.5m to £35.5m (2009: £29.8m), compared with analyst consensus expectations of £33.9m. "These are excellent results delivered in a difficult global economic climate," Mark Lancaster, chairman and chief executive said. "The level of adoption of our integrated end to end service and technology is particularly pleasing, extending our Global Information Management solutions into key accounts such as Saab, United Airlines, Dassault Systèmes, Fidelity Investments and LG," he added.SDL also announced Mark Lancaster is to split his role and become executive chairman with current finance director John Hunter stepping up to become chief executive.