SDL PLC Interim Management Statement (3070U)

TIDMSDL

RNS Number : 3070U

SDL PLC

15 October 2014

SDL plc

Q3 Interim Management Statement

15 October 2014 - Maidenhead, UK- SDL plc ("SDL": LSE: SDL), a leader in Customer Experience Management solutions, today publishes its Interim Management Statement for the period from 1 July 2014 to 30 September 2014, as required by the UK's Listing Authority disclosure rules.

The performance for the third quarter of 2014 was in line with management expectations and the Board remains confident in the outlook for the current financial year. Profit for the year remains on track. Net cash in the business at the end of the period was up at GBP4.9m (31 December 2013: net debt of GBP1.8m).

The Technology segment's new licence bookings had another quarter of considerable growth creating good year on year constant currency revenue growth and annual recurring revenue growth.

Language Services segment had solid earnings growth with both gross and net margins ahead of last year.

Commenting on SDL's third quarter performance, Mark Lancaster said today:

"We are very pleased with the progress of the Group, we have invested for the long term and are tracking to plan. SDL has emerged as a leader in Customer Experience Management, according to a recent Forrester Wave(TM) and more importantly the significance of Customer Experience Management is being recognised by large global brands. We continue to win new business, gain momentum and grow our customer base, particularly at the high end of the market to brands such as UBS, Kogi Intech and Intel."

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/ Emma Appleton

This information is provided by RNS

The company news service from the London Stock Exchange

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