RWS delivers yet another set of strong results as share price hovers near all-time high. Revenues are up 35% and operating profits up 28% in the first six months of the financial year. Chairman Andrew Brode says they occasionally compete with TransPerfect but would never consider buying them.
RWS recruits from within and appoints current CFO Richard Thompson to take reins from Reinhard Ottway, who will step down end of March 2017. RWS shares continue to climb, pushing market cap to within striking distance of USD 1bn mark.
Who got hired, who stepped down, who moved over to the next challenge and why? Here's a roundup of senior appointments and career moves of top executives in the language services industry in 2017.
Generating a profit of nearly USD 40m on revenues of barely USD 150m, RWS needs its shares to climb just 20% to crack the billion-dollar mark. The compay has posted uninterrupted growth since 2003 and CEO says having in-house translators is part of the recipe for success.
RWS continues to clock revenue, profit growth as strong linguistic validation business at acquired CTi supports results. Headwinds include impending launch of unitary patent in Europe and stagnant growth in commercial translations.
RWS buys patent translation agency, Horn & Uchida of Japan, for GBP 2.3 million cash consideration. Brokerage firm Berenberg ups RWS’ price target, sees strategy on track.
RWS releases first-half results as they revive Language Weaver MT brand, switch to SaaS TMS model, continue SDL integration, and prepare to welcome a new CEO in July.
UK-based language service provider RWS appoints new Group CEO, Ian El-Mokadem, who will take over from current CEO Richard Thompson in July 2021.
RWS set to acquire UK rival SDL in 1.1-billion-dollar, all-share deal — which is set to transform the language industry. Deal expected to close in Q4 2020, subject to conditions.
RWS hires Desmond Glass as its new Chief Financial Officer (CFO) to succeed Richard Thompson who was promoted to CEO in April 2017. Market capitalization nears USD 1.25 billion.
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