UK-based TranslateMedia Unfazed by Revenue Downturn in 2018
Revenues at UK-based language service provider TranslateMedia for the financial year 2018 declined by 5% to just over GBP 7m. EBITDA fell on the back of tighter gross margins.
Brexit
EU Seeking 225 Translation Contractors for Six Target Languages
In November 2018, three EU tenders were issued relating to translation. Two tenders call for 225 contractors for translation into multiple languages and the third tender, worth EUR 225,000, requires translation support for an EU-funded contract in Azerbaijan.
How the Public Sector and Regulations Shaped Language Services Demand in 2018
The public sector was a significant source of contracts, conflicts, and developments for the language services industry in 2018. Here’s what you need to know.
thebigword closes in on USD 100m as Revenues Jump 28%
thebigword posts full-year 2018 revenues of nearly USD 100m and EBITDA of USD 5.9m, as growth is boosted by Ministry of Justice contract and defense business. Company launches new video remote interpreting (VRI) capabilities to expand interpretation offering.
Alpha Rebounds from Losses, Says Tech May Degrade Environment for Translators
After a challenging 2016, UK-based Alpha CRC rebounds from losses to post modest profit for the full year 2017. Company says modern workflow tools and agile working may create a degraded environment for translators. Brexit not considered a serious risk.
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Brexit: No Work Visas Needed for UK Translators, Interpreters on Short EU Trips
As the Brexit transition period came to an end, a December 2020 agreement between the EU and the UK outlined the requirements for UK linguists on business trips.
Young Interpreters Award 2020 Applicants Vie to Attend EU Conference, Workshop
European Commission’s Young Interpreters Award 2020 open to students currently in their last year of a master’s degree in conference interpreting. Deadline for entries is January 23, 2020.
Gould 2.0: Joshua Gould Named New Group CEO at thebigword
thebigword’s new CEO Joshua Gould talks about the competition, linguists, VC’s renewed interest in the language industry, and Brexit’s potential impact on operations.
RWS Full-Year 2019 Revenues Up 16% on Organic Growth, Acquisitions, Forex
RWS delivers a solid set of numbers as organic growth continues, Moravia delivers record revenues, and British pound weakens.
SDL Has Turned the Corner, Posts Solid H1 2019 Results
SDL is poised to reap the rewards of a three-year transformation and a swift and skilful one-year integration of Donnelley Language Solutions.
RWS Simplifies Operating Structure as Cost Control and Moravia Boost Profits
RWS half-year results boosted by Moravia unit and strong IP business. Margins widen on simplification of operating structure, tight cost control.
UK ATC Builds Lobbying Efforts Ahead of March Brexit
UK language industry representatives step up lobbying efforts, aiming to mitigate potential impact of Brexit, which threatens to disrupt UK LSPs' access to qualified linguists in-country.
UK LSP Intonation Brexit-Proofs Its Business with Poland Acquisition
UK-based language service provider Intonation acquires Polish company Lacrosse Language Consultancy to reinforce its legal and financial customer base and gain physical presence in EU ahead of Brexit.
Reader Polls: Will TransPerfect Stay on Top and Why US and UK LSPs Dominate
Will TransPerfect defend the number one position in 2018? And why are Anglo-American LSPs dominating the Slator LSPI? What will Brexit mean for English use in the EU? Any why buyers choose to bring more of the supply chain in-house.
Alpha CRC Reports Revenue Drop and Net Loss But Says Restructuring ‘Bearing Fruit’
Alpha CRC, one of the UK’s larger language service provider, reported a nearly 10% decrease in revenues and a net loss for the financial year 2016. The company reacted by reducing costs and staff, rebranding, and repositioning its service portfolio.
TranslateMedia Boss on Brexit, Clients, and Why Many Translators Will Soon Be Editors
London-based TranslateMedia reports 8.5% revenue growth for its financial year ended March 31, 2017. Managing Director Rupert Evans believes neural machine translation has reached a tipping point and it will change the role of translators.
Brexit: British Language Service Providers React
A plummeting pound, concerns about hiring from the European Union, and worries about adequate translator training weigh on the minds of top executives at language service providers in the UK as Brexit becomes reality: "We're paying a heavy price.”
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