SDL eyes better than expected full-year revenue

21st Jan 2014 08:09

- Sees full-year revenue ahead of forecasts- Focus on building customer experience management- Well positioned for 2014 and beyondInformation management specialist SDL said full-year revenue and profit is expected to beat consensus expectations and believes it is well positioned to drive growth in 2014 and beyond.FTSE 250-listed software firm said revenue for the year ended December 31st 2013 is expected to be in a range of £265.8m to £266.3m, compared with consensus expectations of £262.1m. In 2012, it posted revenue of £269.3m.Profits before taxation and amortisation of intangible assets, one-off costs relating to historic Trados litigation and restructuring costs for the period are expected to be in the range of £8m to £8.3m compared with consensus expectations of £7.3m. In 2012 it recorded £37m in pre-tax profit. Chief Executive Officer Mark Lancaster said: "2013 was focused on re-building SDL to allow us to deliver our Customer Experience Management (CXM) vision."CXM is a relatively new concept that refers to customer interactions and touch points from a digital or systems perspective with a strong focus on marketing."We now have a high quality executive leadership team, strengthened our go to market sales and marketing approach, invested in systems and infrastructure to support our business goals and aligned costs with revenue potential," Lancaster added. Net debt in the business at the end of the period was £2m compared to net cash of £6.3m in 2012. CJ