Economic Recovery and a Strong Q2 Drove a 28% Increase in Billed Revenue for H1 2021 to $498 Million
TransPerfect, the world’s largest provider of language and technology solutions for global business, announced billed revenue for the second quarter of 2021 at $267 million. The total eclipses the second quarter of 2020 by nearly $70 million, representing a 35% increase and the largest quarterly gain in company history.
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“This December I will begin my 30th year leading TransPerfect’s day-to-day operations. In all that time, I have never seen us with a more capable team than I see today.”
The second quarter’s results come on the heels of a successful Q1 (up 21%), bringing billed revenue for the first half of 2021 to $498 million, a 28% increase when compared to the same period last year. The company now believes it will exceed the $1 billion mark for the full year of 2021 based on its organic growth rate. Sales of enterprise-level solutions for large multinationals were primarily responsible for the strong growth—the company intends to continue to make significant investments in technology and innovation to properly serve this critical market.
Demand by enterprise-level customers for GlobalLink, TransPerfect’s flagship translation management system, continues to be strong. Improvements in the platform’s design and UI have been launched for many of the core products, including Project Director, OneLink, TransPort, AI Portal, and MediaNEXT. DataForce, TransPerfect’s AI data-gathering and annotation platform, continues to grow rapidly and is expected to remain a focus for significant future investment.
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TransPerfect President and CEO Phil Shawe commented, “I’m humbled by the hard work and dedication that TransPerfect’s global team members have shown by continuing to be there for our clients through any and all adversity. While we cannot yet declare victory over the pandemic, I believe that a renewed sense of optimism in the global economy helped lift Q2 to our largest quarter in history.” Shawe continued, “This December I will begin my 30th year leading TransPerfect’s day-to-day operations. In all that time, I have never seen us with a more capable team than I see today.”