RWS H1 2022 Results Mixed as Growth in SaaS and Life Sciences Mitigates Weak IP Unit
RWS released results for the six months ended March 31, 2022; revenues at USD 466m, profit up 20% to USD 75m.
RWS released results for the six months ended March 31, 2022; revenues at USD 466m, profit up 20% to USD 75m.
RWS released a half-year trading statement for the six months ending March 31, 2022, raising profit expectations to GBP 60m.
RWS releases expectations for full-year 2022 after five months of trading, as Language Services and Regulated Industries divisions outperform weaker IP Services unit.
RWS half-year results boosted by Moravia unit and strong IP business. Margins widen on simplification of operating structure, tight cost control.
Key content types, main buyers, and long-term demand drivers in patent and IP translation; and how machine translation and MT post-editing impact production.
Increase in patent applications drives translation demand. Over a quarter million patent applications filed with WIPO in 2018; Asia and the US top the list.
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