SDL’s interims highlight a combination of good financial results, underlying operational improvement and important progress against strategic objectives. H1 revenue grew 3% (6% at constant currency) and Language Services margin expanded 340bps predominately as a result of greater use of MT and more in-house translation. The post period end acquisition of DLS has also accelerated the premium solutions strategy and should deliver healthy earnings accretion (8% est. in FY19). We have made no furthe ....
