SDL acquisition drives first half profits
Information management firm SDL reported growth in the first half but warned its customers were cautious due to the ongoing financial crisis.
Information management firm SDL reported growth in the first half but warned its customers were cautious due to the ongoing financial crisis.
The firm said revenue had risen 20% to £133.6m as expected, with over the half the gain due to its purchase of marketing firm Alterian.
Pre-tax profits were up 4% to £16.4m with earnings per ordinary share rising 2% to 15.63p.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
SDL said its services division grew 14% but its technology arm was flat.
"The global macro-economic outlook remains uncertain with the structural weakness in Europe remaining unresolved," said Executive Chairman Mark Lancaster.
"This in turn has created a degree of caution in some of the markets we operate in," he added.
"Despite this we do see growth opportunities in both the USA and Asia."
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Do you qualify for the Winter Fuel Payment if you live abroad?
The Winter Fuel Payment will be means tested for expats living in Europe, in line with the new rules impacting those in the UK. But a quirk in the system means not all countries are eligible.
By Katie Williams Published
-
What the Employment Rights Bill means for your job
New workplace reforms are set to give employees new rights to benefits and flexible working
By Marc Shoffman Published