Turnaround: TranslateMedia Posts Healthy Profit and 16% Revenue Growth in FY 2019
UK-headquartered language service provider TranslateMedia manages a turnaround from a disappointing 2018. Revenues up 16% to GBP 8.3m, bottom line recovers.
UK-headquartered language service provider TranslateMedia manages a turnaround from a disappointing 2018. Revenues up 16% to GBP 8.3m, bottom line recovers.
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.
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.
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