Language Industry (Artificial) Intelligence — Slator Answers
Straker Translations reported (unaudited) revenues of NZD 59.4m in full-year 2023, narrowly missing guidance but returning to profitability after a strong Q4 and cost savings.
New Zealand-based language service provider (LSP), Straker Translations, reports slowed growth as a result of worsening trading conditions and delayed IBM project.
Zoo Digital outperforms competitors again. Keywords Studios’ globalization unit strengthens video game localizer’s position. Appen’s stock continues to plunge.
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.
Sydney-listed language service provider, Straker Translations, announces extension of IBM contract. Market reacts favorably.
Straker posts revenue growth of 19% driven by acquisitions but slowed by macro environment. Bags new United Nations contract as it continues to integrate Idest.
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.
Chairman departures at RWS and Straker, use of translation devices in UK detention centers, new proposition in government and healthcare interpreting, EUR 42m contract in France.
Two Straker board members to bid adieu at August 24, 2022 ASM. Among them, Chairman Phil Norman, who for the greater part of the past decade led the board of the Sydney-listed, New Zealand-based LSP.
Language services provider Straker tops guidance, reporting unaudited full year revenues of USD 36m. Annualized revenue by Project Manager crosses USD 0.5m.
CEOs Grant Straker (Straker Translations) and Cyril Drabinsky (Deluxe) cited investment in internal technology as a key factor in their success.
The bullish outlook on the language industry — shared by stakeholders from the buyer and vendor side — was a recurring theme throughout SlatorCon Remote March 2022.
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 Translations continues acquisition strategy by buying Belgium-based language service provider IDEST for up to EUR 4.5m.
While the overall language industry put in an exceptionally strong year, investors in listed LSPs and companies operating LSP units were handed a decidedly mixed bag in 2021.
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