SDL PLC Interim Management Statement (7065F)

TIDMSDL

RNS Number : 7065F

SDL PLC

29 April 2014

SDL plc

Q1 Interim Management Statement

29 April 2014 - Maidenhead, UK - SDL plc ("SDL": LSE: SDL), a leader in Customer Experience Management solutions, today publishes its Interim Management Statement incorporating the period from 1 January 2014 to 31 March 2014, as required by the UK's Listing Authority disclosure rules.

The performance for the first quarter of 2014 was in line with management expectations and the Board remains confident in the outlook for the current financial year. Net cash in the business at the end of the period was up at GBP2.8m (31 December 2013: net debt of GBP1.8m).

Language Services segment had solid earnings growth with both gross and net margins ahead of the prior year and in line with management expectations. Revenue was broadly flat on last year. New contract wins in the period include Target, Accudyne and Kaspersky.

The Technology segment's revenue performance was broadly flat on the first quarter last year and in line with management expectations. Licence bookings were ahead of the prior year and in line with expectations. New contract wins in the period include Majestic Wines, Dr Jays, Informatica and Nippon Japan.

SDL continues to lead in Web Content Management technology, and has emerged as a leader in Customer Experience Management, according to a recent Forrester Wave(TM) . We recently launched the SDL Customer Experience Cloud(TM) and we remain on track, with other product launches, to cement our leadership in Customer Experience Management.

Commenting on the IMS, Mark Lancaster said today:

"We are pleased with the progress of the Group, we have invested for the long term and are tracking to plan. We have a great team of people and continue to win new business and grow our customer base, particularly at the high end of the market to brands such as ASOS, SpecSavers and Nasdaq Inc where they have deep knowledge of Customer Experience and seek best of breed integrated technology."

For further information please contact:

 
 SDL plc                                     Tel: +44 (0)1628 
                                              410 127 
 Mark Lancaster, Chief Executive Officer 
 Dominic Lavelle, Chief Financial Officer 
 
 FTI Consulting                              Tel: + 44 (0)20 
                                              3727 1000 
 Edward Bridges/Jon Snowball/Emma Appleton

This information is provided by RNS

The company news service from the London Stock Exchange

END

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