Best-Ever Q3 Performance Has Company on Pace to Surpass $700 Million in Revenue for 2018
NEW YORK, NY, October 15, 2018 – TransPerfect, the world’s largest provider of language and technology solutions for global business, today announced billed revenues for the third quarter of 2018 of $173 million, surpassing the 2017 tally for the same period by nearly $20 million.
Year to date, TransPerfect is up $74 million over 2017 total revenues, an increase of 16.9%. 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% year-over-year increase in licensing billings and revenue throughput for 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 total worldwide headcount very near to the 5,000 mark.
TransPerfect President and CEO Phil Shawe said, “We’re heading into the homestretch of 2018 with enough positive momentum to assure that this will be a record-breaking year for us. I would again like to thank TransPerfect team members around the world for seeing us through a transformative year, and for their unwavering commitment to our company and our clients.”
TransPerfect is the world’s largest provider of language services and technology solutions for global business. 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 to simplify management of multilingual content. With an unparalleled commitment to quality and client service, TransPerfect is fully ISO 9001 and ISO 17100 certified. TransPerfect has global headquarters in New York, with regional headquarters in London and Hong Kong. For more information, please visit our website at www.transperfect.com.