logo image
  • News
    • People Moves
    • Deal Wins
    • Demand Drivers
    • M&A and Funding
    • Financial Results
    • Technology
    • Academia
    • Industry News
    • Features
    • Machine Translation
    • — Divider —
    • Slator Pro
    • — Divider —
    • Press Releases
    • Sponsored Content
  • Data & Research
    • Research Reports & Pro Guides
    • Language Industry Investor Map
    • Real-Time Charts of Listed LSPs
    • Language Service Provider Index
  • Podcasts & Videos
  • Events
    • SlatorCon Remote May 2021
    • Localizing at Scale for International Growth
    • Design Thinking May 2021
    • — Divider —
    • SlatorCon Coverage
    • Other Events
  • Directory
  • RFP Center
  • Jobs
MENU
  • News
    • People Moves
    • Deal Wins
    • Demand Drivers
    • M&A and Funding
    • Financial Results
    • Technology
    • Academia
    • Industry News
    • Features
    • Machine Translation
    • — Divider —
    • Slator Pro
    • — Divider —
    • Press Releases
    • Sponsored Content
  • Data & Research
    • Research Reports & Pro Guides
    • Language Industry Investor Map
    • Real-Time Charts of Listed LSPs
    • Language Service Provider Index
  • Podcasts & Videos
  • Events
    • SlatorCon Remote May 2021
    • Localizing at Scale for International Growth
    • Design Thinking May 2021
    • — Divider —
    • SlatorCon Coverage
    • Other Events
  • Directory
  • RFP Center
  • Jobs

Register Before April 15th for SlatorCon Remote and Save 15%!

  • Slator Market Intelligence
  • Slator Advertising Services
  • Slator Advisory
  • Login
Search
Generic filters
Exact matches only
Advertisement
What We Learned From the Lionbridge 10K Filing

5 years ago

March 11, 2016

What We Learned From the Lionbridge 10K Filing

Financial Results ·

by Florian Faes

On March 11, 2016

5 years ago
Financial Results ·

by Florian Faes

On March 11, 2016

What We Learned From the Lionbridge 10K Filing

US-based language service provider Lionbridge is listed on the Nasdaq stock exchange. This comes with the perk of access to capital but the burden of having to provide detailed regulatory filings as well.

The most comprehensive filing every year is the annual report called 10K. According to the US Securities and Exchange Commission, the 10K “provides a comprehensive overview of the company’s business and financial condition and includes audited financial statements.”

For Lionbridge, this year’s 60,000-word 10K provides a detailed picture of how the business performed in 2015 and includes a number of insights that go beyond the full-year financials, which Slator covered in a previous article.

Advertisement

Clients

Unlike the many privately-held language service providers that are typically reluctant to disclose client names, Lionbridge provides a comprehensive list of all clients that purchased over USD 2m in services in the year ended December 31, 2015. These are Microsoft, Google, Adobe, EMC, Golden Living, Skillsoft, Bureau Traduction (Canada), Department of Fisheries and Oceans (Canada), Hyatt, Studec, Canon, Ford, Swisscom, Caterpillar, Motorola, Twitter, Cisco, GSK, Pfizer, UBS, Cummins, Hewlett-Packard, Philips, the US Department of Justice, Dell, John Deere, Porsche, Volvo, the US Department of Homeland Security, Lenovo, Rolls-Royce, eBay, LRN, and Samsung.

Lionbridge also disclosed that its two top clients, Microsoft and Google, accounted for 15% and 11% of total 2015 revenues respectively. The company reduced its key-client risk somewhat compared to 2014, when these two accounts made up 21% and 12%. Most of this is due to the acquisition of CLS Communication, which diversified the client base.

Lionbridge pointed out that the decrease in Microsoft billings seems to have been halted and that “quarterly revenue from this client has remained relatively stable at approximately USD 19–23m per quarter.” It said it expects the same USD 19–23m quarterly run rate for 2016.

Competition

Lionbridge divides the competitive landscape into four broad categories. First are the “existing and prospective clients’ internal translation, localization, testing, technical writing, and online marketing and QA departments.”

Then come other LSPs like “SDL, Translations.com, Welocalize, and Moravia, as well as the regional vendors of translation services specializing in specific languages in various geographic areas.”

The third set of competitors according to Lionbridge are “digital marketing execution firms such as DigitasLBi, Wunderman, TAG, Hogarth, and Accenture.”

Presumably for its GES testing division, Lionbridge sees “consulting and testing services organizations such as Appen, Applause, Pactera, Chinasoft, and HCL” as competitors.

Acquisitions

The acquisition of Geotext and the integration of CLS Communication have been covered previously. However, the 10K report does provide some new information on the two businesses.

According to the filing, CLS Communication recorded revenues of USD 76.3m since its acquisition on January 7, 2015. This is on the lower end but still in line with the additional USD 75–80m Lionbridge projected CLS to add to revenues in its 2014 annual report. Lionbridge also commented on CLS Communication’s profitability, saying that the Zurich-based LSP generated  USD 9.0m in income for 2015.

While Lionbridge has not disclosed Geotext’s revenues since its acquisition in November, the company did say it expects “our legal vertical to contribute approximately USD 16–18m in 2016.”

Lionbridge disclosed it paid a “total initial consideration of USD 11.3m.” But there is also an earn-out clause, under which “the former owners of Geotext will be eligible to receive additional cash consideration of up to USD 6.8m” depending on target fulfilment during a three-year period.

TAGS

GoogleHogarth WorldwideLionbridgeMicrosoftMoraviaSDLTranslations.comWelocalize
SHARE
Florian Faes

By Florian Faes

Co-Founder of Slator. Linguist, business developer, and mountain runner. Based in the beautiful lakeside city of Zurich, Switzerland.

Advertisement

SUBSCRIBE TO THE SLATOR WEEKLY

Language Industry Intelligence
In Your Inbox. Every Friday

SUBSCRIBE

SlatorSweepSlatorPro
ResearchRFP CENTER

PUBLISH

PRESS RELEASEDIRECTORY LISTING
JOB ADEVENT LISTING

Bespoke advisory including speaking, briefings and M&A

SLATOR ADVISORY
Advertisement

Featured Reports

See all
Pro Guide: Translation Pricing and Procurement

Pro Guide: Translation Pricing and Procurement

by Slator

Slator 2020 Language Industry M&A and Funding Report

Slator 2020 Language Industry M&A and Funding Report

by Slator

Slator 2021 Data-for-AI Market Report

Slator 2021 Data-for-AI Market Report

by Slator

Slator 2020 Medtech Translation and Localization Report

Slator 2020 Medtech Translation and Localization Report

by Slator

Press Releases

See all
Smartling Announces Smartling+

Smartling Announces Smartling+

by Smartling

XTM Cloud 12.7 “Intelligent Connectivity” is Here

XTM Cloud 12.7 “Intelligent Connectivity” is Here

by XTM International

LocHub Announces QA Localization Solution For Multilingual Content Publishing Processes

LocHub Announces QA Localization Solution For Multilingual Content Publishing Processes

by Xillio

Upcoming Events

See All
  1. Smartling - Global Ready Conference 2021

    Global Ready Conference

    by Smartling

    · April 14

    When you can't traverse the world, let the world come to you. Join our annual global event from home.

    More info FREE

Featured Companies

See all
Sunyu Transphere

Sunyu Transphere

Text United

Text United

Memsource

Memsource

Wordbank

Wordbank

Protranslating

Protranslating

SeproTec

SeproTec

Versacom

Versacom

Smartling

Smartling

XTM International

XTM International

Translators without Borders

Translators without Borders

STAR Group

STAR Group

memoQ Translation Technologies

memoQ Translation Technologies

Advertisement

Popular articles

Google Translate Not Ready for Use in Medical Emergencies But Improving Fast — Study

Google Translate Not Ready for Use in Medical Emergencies But Improving Fast — Study

by Seyma Albarino

The Slator 2021 Language Service Provider Index

The Slator 2021 Language Service Provider Index

by Slator

DeepL Adds 13 European Languages as Traffic Continues to Surge

DeepL Adds 13 European Languages as Traffic Continues to Surge

by Marion Marking

SlatorPod: The Weekly Language Industry Podcast

connect with us

footer logo

Slator makes business sense of the language services and technology market.

Our Company

  • Support
  • About us
  • Terms & Conditions
  • Privacy Policy

Subscribe to the Slator Weekly

Language Industry Intelligence
In Your Inbox. Every Friday

© 2021 Slator. All rights reserved.

Sign up to the Slator Weekly

Join over 13,800 subscribers and get the latest language industry intelligence every Friday

Your information will never be shared with third parties. No Spam.