Milengo Grows Localization Business by 50% in Q2 2011
Berlin, Wednesday 27th July, 2011
Milengo, a worldwide provider of translation and localization services, today announced excellent Quarter 2 results for 2011, exceeding initial expectations. Milengo reported a turnover in the second quarter of 2011 that represented a growth of 50.40% when compared to the same quarter of the previous year. The company also registered an operating profit of 5.86% of turnover.
“The second quarter has been a turning point for Milengo” said Roman Kotzsch, CEO. “After ongoing investment from Milengo’s shareholders to support the restructuring of the organization, we have now successfully completed this process and the results are showing. Sales have picked up significantly which shows that our clients and the market appreciate our new structure, service quality and pricing. For Quarter 3 2011, our forecast predicts a growth of 40% compared to the previous year and with this in mind, I firmly believe we will reach our ambitious growth targets for 2011’.
Milengo was founded in 2005 by 16 experienced business owners from the translation and localization industry. Since then it has grown on average by 51% year on year.
About Milengo (www.milengo.com)
Milengo delivers translation and related localization services that help businesses communicate with their customers, employees and partners anywhere in the world. With a worldwide network of language teams and production centres across 3 time zones, Milengo specializes in software localization, e-learning localization and technical translation. Milengo’s global scalability and local language expertise has won the praise of companies like Google, DuPont and Texas Instruments.
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