SDL plc (“SDL” or “the Group”), a leader in the emerging market for Global Information Management (GIM) solutions, is pleased to announce its unaudited interim results for the six months ended 30 June 2008.

* Note – the adjusted earnings per share comparatives have been restated to reflect the tax effects of the amortisation of intangible fixed assets. Previously the Group added back the amortisation only and not the related tax benefit / charge.

Highlights:

• Results significantly ahead of expectations
  • 24% organic revenue growth (16% in constant currency)
  • 16% of revenue growth from acquisitions
• Good growth across all divisions:
  • Technology segment revenue doubled to £25m
    • 40% organic growth
    • Full 6 months contribution from Tridion
  • Translation Services revenue up 20%
• New customers include:
  • Cerner, Premier Farnell and Genzyme (SDL Enterprise Products)
  • Metlife, State of Minnesota, Hughes and Boston Consulting (SDL Tridion)
• Successful integration of Idiom
• Strong cash flow from operations at £8.4m

Mark Lancaster, Chairman and Chief Executive of SDL, commented:

“I am particularly pleased with the performance of the Group in the first half.  Our GIM business continues to gain traction as companies increasingly need to unify the entire localisation supply chain, demonstrated by a good performance from the core technology operations as well as a full six months contribution from Tridion.  In translation services the Group’s business process outsourcing supports a large part of the underlying organic growth, in particular with those existing clients with the GIM technology platform.  The integration of Idiom is continuing in line with expectations and remains on target to achieve break-even at the operating margin by the end of the year. 

“Creating and managing global content is SDL’s business and the strong results for the first half of 2008 support the view that it remains a high priority for global businesses generally. Despite a deterioration in the global macro-economic environment, SDL is continuing to see positive trading across most of the markets for the services and technology businesses. We continue to carefully monitor the macro-economic conditions, which could cause a reduction in translation services or technology solutions spend. However, we have entered the second half of the financial year with a strong sales pipeline that gives us confidence for the year as a whole.”

Full Interim Results Download ( 451.5 KB)