Revenue Down, Profitability Up as Straker Posts Results for H1 FY24
Tech-enabled LSP Straker posts 23% revenue decline but improves gross margins and underlying profitability. CEO wants to wait for the AI hype dust to settle before restarting M&A.
*New* Slator Pro Guide: Scaling an LSP Key Account — Growing Small Clients into Key Accounts
Straker Translations
Straker’s Board of Directors Has Had Enough
After a relentless drop in its share price, the board of language service provider Straker is attempting to put in a floor on the company’s stock and announces a buy back.
Shares in Straker Hit All-Time Low Despite Revenue Growth in Q1
Shares in Straker Translations are trading at an all-time low despite “modest” revenue growth of 2% in Q1 FY24. Company launches translation app in Slack and Microsoft Teams.
Straker Narrowly Misses Full-Year Revenue Guidance but Returns to Profit in Q4
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.
Straker Drops Full-Year Revenue Guidance After Subdued Q3 FY23
New Zealand-based language service provider (LSP), Straker Translations, reports slowed growth as a result of worsening trading conditions and delayed IBM project.
Here are the Best and Worst-Performing, Publicly-Traded LSPs in 2022
Zoo Digital outperforms competitors again. Keywords Studios’ globalization unit strengthens video game localizer’s position. Appen’s stock continues to plunge.
DeepL’s Unicorn Round, USD 15 Million Translation Client, Bank Builds MT In-House
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.
IBM Is Now a USD 15 Million Account for Straker Translations
Sydney-listed language service provider, Straker Translations, announces extension of IBM contract. Market reacts favorably.
Straker Sees Q2 FY23 Topline Growth Easing Amid ‘Adverse Trading Conditions’
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 Posts Solid Q1 FY23 as M&A Integrations Drive Margins
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.
LSP Leadership Changes and Interpreting Shake-Up Across the Globe
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.
Straker Translations Chairman Says Goodbye
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.
Straker’s ‘Vintage Year’ — Revenues Increase by 79% Beating Guidance
Language services provider Straker tops guidance, reporting unaudited full year revenues of USD 36m. Annualized revenue by Project Manager crosses USD 0.5m.
SlatorCon Keynote Speakers Discuss Translation Innovation, Media Localization Trends
CEOs Grant Straker (Straker Translations) and Cyril Drabinsky (Deluxe) cited investment in internal technology as a key factor in their success.
SlatorCon Remote Makes a Bullish Case for the Language Industry
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.
Your information will not be shared with third parties. No Spam.