15 Oct 2014 07:00
SDL plc
Q3 Interim Management Statement
15 October 2014 - Maidenhead, UK- SDL plc ("SDL": LSE: SDL), a leader in Customer Experience Management solutions, today publishes its Interim Management Statement for the period from 1 July 2014 to 30 September 2014, as required by the UK's Listing Authority disclosure rules.
The performance for the third quarter of 2014 was in line with management expectations and the Board remains confident in the outlook for the current financial year. Profit for the year remains on track. Net cash in the business at the end of the period was up at £4.9m (31 December 2013: net debt of £1.8m).
The Technology segment's new licence bookings had another quarter of considerable growth creating good year on year constant currency revenue growth and annual recurring revenue growth.
Language Services segment had solid earnings growth with both gross and net margins ahead of last year.
Commenting on SDL's third quarter performance, Mark Lancaster said today:
"We are very pleased with the progress of the Group, we have invested for the long term and are tracking to plan. SDL has emerged as a leader in Customer Experience Management, according to a recent Forrester WaveTM and more importantly the significance of Customer Experience Management is being recognised by large global brands. We continue to win new business, gain momentum and grow our customer base, particularly at the high end of the market to brands such as UBS, Kogi Intech and Intel."
For further information please contact:
SDL plc | Tel: +44 (0)1628 410 127 |
Mark Lancaster, Chief Executive Officer | |
Dominic Lavelle, Chief Financial Officer | |
FTI Consulting | Tel: + 44 (0)20 3727 1000 |
Edward Bridges/ Emma Appleton |