Key Developments For Lionbridge Technologies Inc
Lionbridge Technologies Inc (LIOX.O) (Consolidated Issue listed on NASDAQ Global Market)
Lionbridge Technologies, Inc. Issues Q4 2009 Revenue Outlook In Line With Analysts' Estimates; Comments On FY 2010 Outlook
Lionbridge Technologies, Inc. announced that for the fourth quarter of 2009, it expects revenue of $98 -$102 million. For fiscal 2010, the Company expects revenue growth of 5%-10% and solid expansion of income as the Company realizes the benefits of a strengthening demand environment and its ongoing cost reductions. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $98 million for the fourth quarter of 2009; net profit of $3.3 million on revenue of $408 million for fiscal 2010.
Lionbridge Technologies, Inc. And Author-it Software Corporation Announce Partnership To Reduce The Cost And Complexity of Global Content Delivery
Lionbridge Technologies, Inc. and Author-it Software Corporation (ASC) announced a strategic alliance to create a unified global content lifecycle solution. With the agreement, the two companies will integrate the Author-it enterprise authoring platform with Lionbridge's language technology platform. This integrated solution will allow organizations to create, structure, reuse, localize and publish content into multiple languages and multiple formats from virtually any enterprise source within a single application.
Lionbridge Technologies, Inc. Announce Partnership with Open Text
Lionbridge Technologies, Inc. announced an alliance with Open Text Corporation. With the alliance, joint customers of Open Text and Lionbridge can now streamline the development, implementation and integration of regulatory compliance solutions by combining expert development services from Lionbridge together with enterprise content management solutions from Open Text.
Lionbridge Technologies, Inc. Issues Q1 2009 Revenue Outlook Below Analysts' Estimates; Comments On FY 2009 Outlook
Lionbridge Technologies, Inc. announced that for first quarter of 2009, it expects revenue of $93-$102 million. For fiscal 2009, it expects to generate revenue growth in constant currency and to increase its profitability. According to Reuters Estimates, analysts were expecting the Company to report revenues of $108 million for first quarter of 2009 and revenues of $451 million and net profit of $9 million for fiscal 2009.
Lionbridge Technologies, Inc. Secures New Multi-Year Agreements
Lionbridge Technologies, Inc. announced that it has secured several new, multi-year, multi-million dollar relationships with organizations in the aerospace, technology, life sciences and services industries. Lionbridge estimates the value of the new programs will total $25-30 million per year. The new programs include, a new, five year, $40 million contract with a provider of power systems and services for use on land, at sea and in the air. With this agreement, Lionbridge will be the preferred provider of technical authoring and illustration and will manage the program across its solution centers in the US, UK, Germany and India, a one year, renewable contract expansion with an existing client that specializes in printing, personal computing, software, services and IT infrastructure, a new three year, $7 million contract with a broadband communications provider, a one year program with one of the rehabilitation companies in the United States, a master services agreement with a global online employment provider.
