1 year ago
July 17, 2018
TransPerfect Announces Record-Breaking 2018 Mid-Year Results
Strong Performance Across All Divisions Boosts Company-Wide Revenues Nearly 20% Over Prior Year
NEW YORK, NY, July 16, 2018 – TransPerfect, the world’s largest provider of language and technology solutions for global business, announced today that billed revenue for the first half of 2018 topped $337 million, which represents nearly 20% growth over its $282 million total for the same period in 2017.
Setting single-month billing records in May and then raising that mark again in June—with $61 million and $62 million respectively—Q2 2018 was the largest quarter in company history, with revenues of over $182 million. In addition to the company’s record-breaking top-line revenue growth, TransPerfect has also created approximately 200 new jobs so far in 2018, jump-started its M&A program with the acquisition of TranslateNow, and bolstered its 100-office global footprint with new operations in Shenzhen, China.
GlobalLink, the company’s flagship suite of technology products, continued its industry dominance by adding more than 250 new customers. This rise underscores the continued trend of businesses relying on best-practice technology to manage global content and centralize workflows enterprise-wide for maximum cost and time efficiencies.
Phil Shawe, President and CEO of TransPerfect, stated, “Q2 2018 was a landmark quarter for TransPerfect, and we continue to perform at peak levels.” Shawe continued, “We’ve been fortunate to see growth in all of the major sectors we service, and for this we thank both our clients and our valued staff members. I am immensely proud of how our team has made TransPerfect the industry leader in translation services and technology, and that we have the privilege to assist the global operations of the world’s leading corporations.”
With over 100 consecutive quarters of profitable growth since the company was founded in 1992, TransPerfect exceeded $615 million in revenue and became the industry’s largest company in 2017. Further, the company has publicly announced its goal of reaching $700 million in annual revenues in 2018. Management is unified in its expectation to meet or exceed that mark.
TransPerfect is the world’s largest provider of language services and technology solutions for global business. From offices in over 90 cities on six continents, TransPerfect offers a full range of services in 170+ languages to clients worldwide. More than 4,000 global organizations employ TransPerfect’s GlobalLink® Product Suite to simplify management of multilingual content. With an unparalleled commitment to quality and client service, TransPerfect is fully ISO 9001 and ISO 17100 certified. TransPerfect has global headquarters in New York, with regional headquarters in London and Hong Kong. For more information, please visit our website at www.transperfect.com.