Shares in SDL (LON: SDL), the intelligent language and content company, have surged +15% on Tuesday after the group announced positive half-year results.
The company traded strongly amid the pandemic as employees continued to work at home and SDL saw a 46% growth in Machine Translation revenue – offsetting weaker sales in Marketing Solutions, travel, leisure, and manufacturing.
The company remains positive for the second half of the year, which traditionally shows stronger results.
Gross profit increased by £0.4m to £94.4m thanks to an investment in the Language Services automation process.
Adolfo Hernandez, the group’s chief executive, said: “In challenging circumstances, we are pleased with the Group’s performance in the first half of the year. Crucially, we were able to enact our business continuity plans swiftly, moving the entire global workforce to working-from-home over a matter of weeks. As a result, there was no material disruption in our ability to service customers nor to our productivity.”
“SDL remains operationally resilient and well-capitalised, and its core strategic plans remain on track. Looking to the second half, which is traditionally our stronger period, although our pipeline is good, COVID-19 continues to present a risk to trading patterns and software sales cycles. However, we believe that the Group is positioned to take advantage of the expected recovery in the global economy post COVID-19,” he added.
Shares in SDL (LON:SDL) are trading +15.63% at 540.00 (1143GMT).
