TransPerfect sees third quarter sales reach record heights
New York City-based TransPerfect, the world’s largest provider of language and technology solutions for global business, Thursday announced revenues of $173 million for the third quarter of 2018, surpassing the 2017 tally for the same period by nearly $20 million.
Year to date, TransPerfect, which last year found its future jeopardized in Delaware’s Court of Chancery, is up $74 million over 2017 total revenues, an increase of 16.9 percent. This puts the company on track to top the $700 million mark by the end of the year, increasing the likelihood it maintains its position as the largest firm in the industry.
TransPerfect’s industry-leading GlobalLink globalization management technology, which processes more words for translation than any other platform in the world, continues to be adopted by new clients at a rapid rate, with 155 new instances sold and a 17 percent year-over-year increase in licensing billings and revenue throughput the quarter.
Along with its revenue growth, TransPerfect added 70 new positions in Q3, bringing the yearly total to 268 jobs created in 2018 and a total worldwide headcount very near to the 5,000 mark.
TransPerfect President and CEO Phil Shawe commented, “Heading into the homestretch of 2018 with so much positive momentum is a big win for us. This has been a transformative year for our company, and the incredible contributions and commitment of our global family of employees give me all the confidence in the world that we’ll close 2018 in record-breaking fashion.”
From offices in over 90 cities on six continents, TransPerfect offers a full range of services in 170+ languages to clients worldwide. More than 4,000 global organizations employ TransPerfect’s GlobalLink® Product Suite. TransPerfect has a global headquarters in New York and regional headquarters in London and Hong Kong.