Straker Drops Full-Year Revenue Guidance After Subdued Q3 FY23
New Zealand-based language service provider (LSP), Straker Translations, reports slowed growth as a result of worsening trading conditions and delayed IBM project.
Language Industry (Artificial) Intelligence — Slator Answers
IBM
Working Around Machine Translation’s Need for Large-Scale Training Data
Unlike some fields in machine learning, machine translation still requires large sets of training data. The solution? Creating more data when none (or not enough) exists.
Synthetic Data Can Improve Machine Translation – New Research from IBM, UCSD
New research from IBM and UC San Diego explores synthetic parallel data as a means of pre-training machine translation models — with promising results.
DeepL’s Unicorn Round, USD 15 Million Translation Client, Bank Builds MT In-House
DeepL’s mega-round, LanguageLine buys Capita TI, Straker’s biggest client extends contract, machine translation at Europe’s second-largest bank, and Descript raises USD 50m.
IBM Is Now a USD 15 Million Account for Straker Translations
Sydney-listed language service provider, Straker Translations, announces extension of IBM contract. Market reacts favorably.
Straker Translations Posts Solid Q1 FY23 as M&A Integrations Drive Margins
Straker Translations Q1 FY23 revenues up 66% versus same period last year. Sydney-listed LSP stays on track to deliver on guidance despite some weakness in Europe.
Straker’s ‘Vintage Year’ — Revenues Increase by 79% Beating Guidance
Language services provider Straker tops guidance, reporting unaudited full year revenues of USD 36m. Annualized revenue by Project Manager crosses USD 0.5m.
Straker’s Revenues Double in Third Quarter of 2022 on M&A, Organic Growth
New Zealand-based language service provider (LSP) Straker roughly doubles quarterly revenues vs. the prior year, and sets its sights on Europe’s public sector after IDEST acquisition.
Straker Posts Strong Second Quarter FY22 as IBM Now Orders 10M Words Monthly
New Zealand-headquartered language service provider Straker Translations reports 66% growth in Q2 FY22, with adjusted EBITDA turning positive in the month of September.
Straker Translations Chairman and CEO on Recurring Revenues, Margin Dip, Lingotek
Lingotek acquisition supports Straker Translations’ full-year results as New Zealand LSP posts close to 50% revenue growth to USD 29m for the full year ended June 30, 2021.
IBM Drives Strong First Quarter for Straker Translations
New Zealand-headquartered language service provider Straker Translations reports 49% growth in Q1 FY22, as Lingotek adds first full-quarter reporting and IBM boosts revenues.
Why Shares in Straker Translations Climbed to All-time High
Shares in Straker Translations climbed 14% the day they announced results for the fiscal year ended March 31, 2021. LSP plans SaaS subscription push among technology customers.
Lingotek Acquisition and IBM Win Deliver Q4 Growth for Straker
Australia-listed language service provider Straker Translations credits “high-margin” Lingotek acquisition and IBM win for strong March and growth in Q4 2021.
Straker Shares Skyrocket 75% on IBM Deal
Sydney-listed Straker Translations lands major deal win with IBM; shares zoom up as investors bet on long awaited boost to profitability.
Lionbridge Hires Former Moody’s Exec Tony Stoupas as Chief Technology Officer
Lionbridge hires former Moody’s CIO, Tony Stoupas, as Chief Technology Officer. Stoupas will oversee global technology, development, and information security.
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