RWS reports 33.6% revenue growth and projects pre-tax profits “ahead of market expectations” for its financial year ending September 30, 2017. Market capitalization nears USD 1.3bn on the back of surge in share price.
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.
RWS adds another USD 80m to its market capitalization as shares rise more than 12% after the company publishes a record set of numbers. Its strong financial position makes RWS a key player for acquisitions.
After two decades at Lionbridge, Sheena Dempsey is appointed CEO of RWS’ life sciences arm Corporate Translations Inc. (CTi). Previous CTi owners Mary and Ted Gawlicki to retire and start a family foundation.
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