Language services and technology business, SDL, has lowered its full-year expectations again for both revenue and profits. In November, the company revealed that profits for the year to end December 2012 were likely to be £3m-£4m below market expectations (see here).
Revenues are now expected to be in a range of £269.0m to £270.0m (2011: £229.0m) compared with consensus expectations of £270.1m. Profits before tax and amortisation for the period are now expected to be in the range of £35.0m to £36.0m (2011: £39.7m), compared with consensus expectations of £36.1m.
This is not the most auspicious restart for CEO-reincarnate Mark Lancaster. Let’s see if the new year brings some cheer.