Lionbridge Announces Earnings; Stock Down 10%

Lionbridge announced Q3 numbers of $108 million, which is bringing the company in line with a $420 million fiscal year. This is about what I expected, but investors expected more apparently, as the stock is down 10% so far today, dropping below $6/share.

CEO Rory Cowan remains bullish: “We have secured large scale engagements with both new and existing customers. …And our end market demand is firm. All of these factors point to solid top line growth and margin expansion in 2007.”

The tidbit in the release that caught my eye was that Lionbridge says it added more than 40 customers to its Freeway language management platform during the quarter. Freeway, should it be successful with customers, is going to be a great tool for customer retention. I took a trial run of the software for an article in the July issue of Global by Design.

PS: I do not own shares in any translation industry company.

(Visited 33 times, 1 visits today)