Lionbridge Technologies, Inc. Q2 2010 Earnings Call Transcript
Lionbridge Technologies, Inc. (LIOX)
Q2 2010 Earnings Conference CallAugust 4, 2010 9:00 AM ETExecutivesSara Buda – VP, IRRory Cowan – Chairman, President and CEODon Muir – SVP and CFOAnalystsJoseph Vafi – Jefferies & Co.David Cohen – Midwood CapitalDavid Hines – Canaccord AdamsSabre (ph) – Sabre CapitalSaket (ph) – B. Riley & Co.PresentationOperatorWelcome and thank you for standing by. (Operator Instructions). I’d now like to turn the meeting over to Ms. Sara Buda, Vice President, Investor Relations. You may begin.Sara BudaGreat. Thank you. Welcome everybody to the Lionbridge investor call to discuss financial results for the second quarter of 2010. During this call, we may make certain statements that may be considered forward-looking statements under Federal Securities laws and which involve risks and uncertainties. Our actual future results may differ significantly from the matters discussed in any forward-looking statements. We have disclosed in greater detail in our Form 10-K filed with the Securities and Exchange Commission on March 13, 2010, the factors that may cause such differences.And now, I’ll turn the call over to Lionbridge’s Chairman and CEO, Rory Cowan.Rory CowanGreat. Thanks Sara, and welcome everybody. As is the normal convention, today I’ll walk through our second quarter results and the positive trends that really drove our record earnings for the quarter. Then I’ll turn it over to Don, who can walk through our financials in detail.So, first let me start by summarizing highlights in Q2. First, we delivered revenue of about $105 million this quarter, ahead of expectations, once again. This marks about 7% year-on-year growth despite the currency headwind on revenue. We’re delighted with our growth from both new and existing accounts. In fact, we have two new customers at our Top 10 this quarter, and I will talk about those a little bit later.TheStreet Premium Services For Personal Service: 877-471-2967
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