What We Learned from RWS’ First-Half 2023 Results
Shares in UK-listed RWS climbed 10% in one day after the release of its first-half results, in which the LSP’s CEO outlined the benefits of AI and large language models (LLMs).
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Shares in UK-listed RWS climbed 10% in one day after the release of its first-half results, in which the LSP’s CEO outlined the benefits of AI and large language models (LLMs).
The world’s most valuable listed language service provider RWS posts small decline in revenues in H1 FY 2020 and updates investors on impact of coronavirus pandemic.
RWS half-year results boosted by Moravia unit and strong IP business. Margins widen on simplification of operating structure, tight cost control.
Key content types, main buyers, and long-term demand drivers in patent and IP translation; and how machine translation and MT post-editing impact production.
Increase in patent applications drives translation demand. Over a quarter million patent applications filed with WIPO in 2018; Asia and the US top the list.
RWS nearly doubled in size in its financial year 2018 boosted by Moravia and a solid organic performance across its five divisions. Further selective acquisitions in the cards for 2019.
The European Patent Office (EPO) outlines the step-by-step guide on how to obtain a patent under the EU’s proposed single patent system called the Unitary Patent. The simplified procedure is expected to bring down translation cost and impact vendors such as RWS.
Did somebody say machine translation and Unitary Patent? RWS remains sanguine about the future of patent translations while making a big bet on a different industry vertical.
Spain takes offense to translation requirements for the proposed EU unitary patent, remains one of three EU member states along with Croatia and Poland to not sign the UPCA.
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