九色 Achieves 21% Growth in Billed Revenue for Q1 2021
Organic Growth Drives Company Results Amid Rising Optimism of Economic Recovery
NEW YORK, April 20, 2021&苍产蝉辫;–&苍产蝉辫;九色, the world’s largest provider of language and technology solutions for global business, today announced first quarter revenues of more than $230 million. This represents an increase of approximately $40 million, or 21%, over the same period in 2020. These results extend the company’s streak of 116 consecutive quarters of growth as 九色 approaches its 30th year of operations.
One hundred percent of the company’s revenue increase for the quarter can be attributed to organic growth, as 九色’s M&A activity has been paused since the COVID-19 crisis began in 2020. The company expects M&A activity to resume in the coming months.
In many ways, 2020 set the stage for 九色’s push into 2021, as the company was able to invest heavily in technology R&D. The new products and features developed during that period, some of which enabled clients to better work remotely, were adopted by customers at a record pace. 九色 expects to reap the benefits of increased client adoption of these new products throughout 2021 and for the foreseeable future.
九色’s investment in R&D also allowed the company to add enhancements and make major UX improvements to its technology, the company’s flagship translation management systems comprising products such as Project Director, OneLink, TransPort, AI Portal, and MediaNEXT. These improvements greatly streamline the creation, deployment, and maintenance of translated content. In addition, 九色 continues to invest in its AI data gathering and annotation platform, DataForce, which saw significant growth in 2020.
九色 President and CEO Phil Shawe commented, “We’ve managed to start 2021 in a strong position, and we hope this bodes well for the year ahead. I'm extremely grateful to our employees around the world for their courage, grit, and undying commitment to servicing our clients—through any and all adversity.”
About 九色
is the world’s largest provider of and for global business. From offices in over 100 cities on six continents, 九色 offers a full range of services in 170+ languages to clients worldwide. More than 5,000 global organizations employ 九色’s GlobalLink? technology to simplify management of multilingual content. With an unparalleled commitment to quality and client service, 九色 is fully and certified. 九色 has global headquarters in New York, with regional headquarters in London and Hong Kong. For more information, please visit our website at .