Milengo Announces Continued 50% Growth Rate for Quarter 3 2011
Milengo, a worldwide provider of translation and localization services, announced excellent continued growth in Q3 2011.
Berlin, 10/11/2011- Milengo, a worldwide provider of translation and localization services, announced another quarter of excellent financial results further securing their strong growth position in the midst of an economic downturn. Revenue grew in Q3 2011 by 50.58% compared to the same quarter in the previous year, exceeding forecast by more than 10%. Operating profit was at 2.5% and also above forecast.
Projections for Q4 2011 are more conservative with a predicted revenue growth of 15%, this is because Q4 2010 saw the completion of a single, very large project which resulted in excellent financial results for that quarter. ‘We’re very pleased about the direction the business is going’ said Roman Kotzsch, CEO of Milengo ‘2010 presented a lot of challenges, but thanks to the hard work and dedication of everyone at Milengo, we’re now in a position where we’re looking forward to a very successful 2012’.
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, website 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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