August 04, 2008 11:02 ET

SDL PLC Interim Results for the Six Months Ended 30 June 2008

Continuing Take-Up of Global Information Management Supports Strong Growth Across Business

MAIDENHEAD, UK--(Marketwire - August 4, 2008) - SDL plc (LSE: SDL) ("SDL" or "the Group"), a leader in the emerging market for Global Information Management (GIM) solutions, is pleased to announce its unaudited interim results for the six months ended 30 June 2008.

                                             Unaudited  Unaudited
                                              6 months   6 months
                                                    to         to
                                               30 June    30 June
                                                  2008       2007
                                               GBP'000    GBP'000   %Change
Income Statement:
Revenue                                         76,007     54,478      +40%

Profit before tax and amortization of
 intangible assets                              11,864      8,714      +36%
Profit before tax                                9,148      7,178      +27%

Earnings per ordinary share - basic (pence)       8.82       7.70      +15%
Adjusted earnings per ordinary share - basic
 (pence)*                                        11.55       9.52      +21%

Balance Sheet:
Total equity                                   125,452    101,771
Cash and cash equivalents                       15,978     15,965
Interest bearing loans and borrowings           (7,156)   (11,552)

* Note - the adjusted earnings per share comparatives have been restated to reflect the tax effects of the amortization of intangible fixed assets. Previously the Group added back the amortization only and not the related tax benefit / charge.

     -- Results significantly ahead of expectations
          - 24% organic revenue growth (16% in constant currency)
          - 16% of revenue growth from acquisitions
     -- Good growth across all divisions:
          - Technology segment revenue doubled to £25m
               -- 40% organic growth
               -- Full 6 months contribution from Tridion
          - Translation Services revenue up 20%
     -- New customers include:
          - Cerner, Premier Farnell and Genzyme (SDL Enterprise Products)
          - Metlife, State of Minnesota, Hughes and Boston Consulting
            (SDL Tridion)
     -- Successful integration of Idiom
     -- Strong cash flow from operations at £8.4m

Mark Lancaster, Chairman and Chief Executive of SDL, commented:

"I am particularly pleased with the performance of the Group in the first half. Our GIM business continues to gain traction as companies increasingly need to unify the entire localization supply chain, demonstrated by a good performance from the core technology operations as well as a full six months contribution from Tridion. In translation services the Group's business process outsourcing supports a large part of the underlying organic growth, in particular with those existing clients with the GIM technology platform. The integration of Idiom is continuing in line with expectations and remains on target to achieve break-even at the operating margin by the end of the year.

"Creating and managing global content is SDL's business and the strong results for the first half of 2008 support the view that it remains a high priority for global businesses generally. Despite a deterioration in the global macro-economic environment, SDL is continuing to see positive trading across most of the markets for the services and technology businesses. We continue to carefully monitor the macro-economic conditions, which could cause a reduction in translation services or technology solutions spend. However, we have entered the second half of the financial year with a strong sales pipeline that gives us confidence for the year as a whole."

About SDL

SDL is the leader in Global Information Management (GIM) solutions that empower organizations to accelerate the delivery of high-quality multilingual content to global markets. Its enterprise software and services integrate with existing business systems to manage the delivery of global information from authoring to publication and throughout the distributed translation supply chain.

Global industry leaders rely on SDL to provide enterprise software or hosted services for their GIM processes, including ABN-Amro, Best Western, Bosch, Canon, Chrysler, CNH, Hewlett-Packard, Microsoft, Philips, SAP, Sony, SUN Microsystems and Virgin Atlantic.

SDL has implemented more than 480 enterprise GIM solutions, has deployed over 150,000 software licenses across the GIM ecosystem and provides access to on-demand translation portals for 10 million customers per month. Over 1,000 service professionals deliver consulting, implementation and language services through its global infrastructure of more than 50 offices in 30 countries. For more information, visit All trademarks are the property of their respective owners.

Contact Information

  • For further information please contact:
    SDL plc
    Tel: 01628 410 127
    Mark Lancaster
    Chief Executive
    Alastair Gordon
    Finance Director

    Financial Dynamics
    Tel: 020 7831 3113
    Juliet Clarke/Helen Thomas