Hyundai Plans 20 New Models in China to Boost EV Strategy and Market Share 
U.S. Warns Allies Over Alleged Chinese AI IP Theft Linked to DeepSeek 
Kia Cuts EV Prices in Europe as Chinese Carmakers Intensify Competition 
Intel Stock Surges as AI Chip Demand Drives Strong Q2 Forecast 
Judge Dismisses Elon Musk’s Fraud Claims Against OpenAI, Trial to Proceed on Remaining Allegations 
DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals 
DeepSeek V4 Launch Signals China’s Growing AI Independence with Huawei Chips 
Toyota Global Vehicle Sales Decline in March Amid RAV4 Transition and Middle East Slowdown 
Amazon Stock Rises as Meta Expands AWS Partnership for AI Infrastructure 
Organon Stock Surges After Reports of $13 Billion Buyout Bid by Sun Pharma 
Brazil Blocks Prediction Market Platforms, Tightens Derivatives Trading Rules 
European Car Sales Surge in March as EV and Hybrid Demand Accelerates 
Why Global Web3 Projects Can't Afford to Skip South Korea: TokenPost Unveils Data-Driven Entry Solutions 
Nomura Shares Drop After Profit Miss Despite Strong Revenue Growth 
U.S. Raises Alarm Over Chinese AI Firms’ Alleged IP Theft Through Model Distillation 
U.S. Sanctions Target Chinese Refinery Over Iranian Oil Purchases 
NEW YORK, April 11, 2017 -- TransPerfect, the world’s largest privately held provider of language and technology solutions for global business, today reported first quarter sales of $134 million, setting a new Q1 record. This figure represents an increase of 11% over the same period in 2016, and a 27% jump over 2015.
Coming off a 2016 that saw the company post an all-time high of $547 million in total revenues, TransPerfect’s continued rapid growth has the company trending far ahead of last year’s strong results. As was the case last year, sales totals for January, February, and March were the highest in the company’s history for each respective month, once again suggesting that TransPerfect’s growth is sustainably generated, rather than the result of one exceptionally strong month or a large sale disproportionately impacting numbers.
Sales of its award-winning GlobalLink translation management technology continue to grow, with Q1 unit sales up 43%. Over 180 new companies implemented GlobalLink technology during the period.
In addition to technology sales, multiple verticals and practice groups showed significant gains, including finance, healthcare, life sciences, and international e-discovery/litigation support groups.
TransPerfect Co-CEO Liz Elting remarked, “The strong start to our year comes from one thing: our never-ending drive to improve as a company and partner. Our clients count on us to propel their businesses forward, and it will take continued hard work and innovation from our amazing team in order to deliver.”
Co-CEO Phil Shawe commented, “I am continually both blessed and humbled by the ability of our team to overcome any adversity, focus on driving success for our clients, and consistently deliver outstanding results.”
TransPerfect expects to open multiple new offices in 2017, including production hubs and call center facilities, all designed to support both existing business units as well as new groups and solutions.
About TransPerfect
With annual revenues of more than $540 million, TransPerfect is the world's largest privately held provider of language services and technology solutions. 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.
Contact: Ryan Simper +1 212.689.5555 [email protected]
