1 year ago
January 7, 2020
Turnaround: TranslateMedia Posts Healthy Profit and 16% Revenue Growth in FY 2019
UK-headquartered language service provider TranslateMedia has reason to look back fondly on 2019. According to regulator filings, posted in late December 2019 for the fiscal year ending March 31, 2019, TranslateMedia grew 2019 revenues by 16.2% to GBP 8.3m (USD 10.7m) from the previous year’s GBP 7.07m (USD 8.87m).
In terms of its bottom line, TranslateMedia managed a turnaround, posting a healthy operating profit of GBP 0.49m (USD 0.63m) in 2019 after barely breaking even the year before. (Figures are consolidated for the group to include TranslateMedia subsidiaries in New York, Hong Kong, Germany and Poland.) The company had an average of 75 employees throughout the fiscal year.
TranslateMedia provides translation and transcreation across several industries, including technology, retail, travel, and life sciences, and counts Microsoft, Ralph Lauren, Goldman Sachs, and Netflix among past clients. The LSP’s Copy Suite technology was shortlisted as a finalist for eCommerce Expo 2019’s “Best Product.”
TranslateMedia’s CEO, Rupert Evans, told Slator that Copy Suite, one of the tools the company developed as part of a broader tech program, “allows copy creation to be data-based and get into the workflow earlier.” Machine translation also plays a role in finding the best solutions for clients, Evans noted.
“We’re doing five times as much post-edited MT [as] we were at the start of 2019. The strategy around that is dictated by individual client needs,” he explained. “If we’re doing our job well, then we should be attentive and use the right tool for the right task.”