SDL Shares Up After Strong Six Months
LONDON -- Shares in SDL (ISE: SDL.L) have bounced back 1.2% to 665 pence at the time of writing, following positive interim results for the first half of 2012.
The global information management solutions company -- a sector defined as an emerging market -- announced a 20% rise in revenue to 133.6 million pounds, while pre-tax profit increased 4% to 16.4 million pounds, leading to a 2% rise in earnings per share to 15.63 pence.
It's been a positive six months for SDL in a turbulent economy, with these results in line with previous expectations. Management also highlighted the successful integration of Alterian, the marketing firm it acquired at the beginning of the year.
However, the company is aware that its customers remain cautious of the global macro-economic outlook, in particular the uncertainties surrounding the eurozone. Despite this, executive chairman Mark Lancaster said SDL sees growth opportunities elsewhere, mentioning the U.S. and Asia.
He went on to say: "Through new client wins and a strong focus on execution, we believe the group will continue to show growth. We will maintain our investments to implement our long-term vision and strategy to create best of breed technology and service solutions."
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