So first let’s talk about the quarter. As you saw, revenue grew about $6 million or about 5% year-on-year despite a currency headwind. Constant currency revenue growth was almost 9% year-on-year. This increase was largely driven from solid growth in many of our large accounts, and the benefit of a lot of new business which continues to ramp as well. I’ll talk a little more about our positive demand environment shortly, but clearly we had a very strong first half and we expect continued strength in the second half in spite of the global uncertainly we all are reading about.Secondly, we grew gross margins by 200 basis points year-over-year to 32.4%. This reflects really solid growth across all of our segments. And operating profit for the quarter was almost $7 million excluding one-time items. The underlying profit potential of the business is really becoming evident now.
Lionbridge Technologies' CEO Discusses Q2 2012 Results - Earnings Call Transcript
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