SDL posts annual results for the full-year 2017. CEO and Chairman call financial performance “frustrating” and “disappointing” but are confident the company’s root and branch transformation has laid the groundwork for a stronger 2018.
The report card is in for SDL CEO Adolfo Hernandez’s year one. Revenues and pre-tax profits are up modestly after stripping out one-offs, and the company discovered a potentially huge source of future margin expansion.
New SDL CEO Adolfo Hernandez reports on his first 100 days, sees opportunities in cross-selling, streamlining manual processes, and moving more translation in-house. Sale of three non-core units expected within the year.
UK-based language service provider appoints mobile messaging and telco software executive Adolfo Hernandez to CEO post. Current Executive Chairman David Clayton to revert to non-executive chairmanship.
SDL swings to a full-year loss of GBP 30.7m after booking a GBP 33m impairment charge on non-core businesses it seeks to sell. Language Services unit softens the blow and reports record profits. Trados litigation settled.
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