Sales of GlobalLink translation management technology products, which were a primary driving factor in the company's strong Q1 results, accelerated further in Q2. Total technology unit sales are up more than 40% over 2015, indicating that demand is rising for tools that reduce or eliminate the manual project management tasks associated with handling translations and multilingual content.
TransPerfect Co-CEO Liz Elting noted, "I am so grateful for the efforts of our incredible team members around the world. They are the driving force behind our expansion, and their accomplishments and contributions impress me every single day. Continued growth means that we can increase investment in our technologies and service offerings to benefit our clients. We can also bring new innovations to the marketplace that help simplify the process of conducting business globally."
"Thanks to the collective hard work of thousands of staff members around the world, TransPerfect continues to defy the odds, defy the competition, and defy all adversity and obstacles to generate amazing success both for the company and its clients," added TransPerfect Co-CEO Phil Shawe. "And I cannot give enough praise regarding the diligence and professionalism of the TransPerfect team, without whom our record-breaking results, like those achieved in Q2 2016, would not be possible. You have our undying gratitude."
With annual revenues of more than $500 million, TransPerfect is the world's largest privately held provider of language services and technology solutions. From offices in 90 cities on six continents, TransPerfect offers a full range of services in 170+ languages to clients worldwide. More than 3,000 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 EN 15038 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.
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