This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Lionbridge Technologies CEO Discusses Q1 2011 Results - Earnings Call Transcript

Going further down the statement here, our tax expense remained low at about $500,000 for the quarter, and we continue to manage our FX-related other expense in line as well, which was only about $450,000 for the quarter, and that's really despite a 20% swing from peak to trough, among major currencies during the quarter. It's been a long time since we've had that amount of volatility, and I'm pleased that we were able to keep our exposure to such a small amount in that environment.

And finally, we ended the quarter with about $25 million in cash. And Q1 revenue came in as planned. We had some short term headwinds on gross margin, due to work mix, and we continue to manage our G&A, tax, and currency costs, despite volatility. And our balance sheet remains strong.

So now let me touch on our strengthening demand environment for Q2 and our view of the second half of 2011. As I mentioned, we're seeing positive trends on the revenue side. First, with new account growth, as we break down our sequential quarter revenue ramp for Q2, we're delighted to see growth coming from newer programs with clients outside of our traditional top 10.

This might be companies such as Cisco our Caterpillar, Eli Lilly, or Motorola. We won a number of these new programs in 2010 that are starting up in Q1 and are now ramping in Q2. And now, we're ramping these into what we'll consider major accounts, and this is what we tend to do well. We win the project, we prove ourselves on some smaller projects, and then we grow this relationship over time.

Read the rest of this transcript for free on seekingalpha.com

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,041.54 -190.48 -1.04%
S&P 500 2,104.20 -21.86 -1.03%
NASDAQ 5,032.7510 -56.6110 -1.11%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs