Lionbridge Technologies (LIOX) Tops Q1 EPS by 18c

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Lionbridge Reports First Quarter Results With Record Revenue Of $136.8 Million, GAAP EPS Of $0.05 And Non-GAAP EPS Of $0.14

May 7, 2015 8:01 AM EDT

WALTHAM, Mass., May 7, 2015 /PRNewswire/ -- Lionbridge Technologies, Inc. (Nasdaq: LIOX), today announced financial results for the quarter ended March 31, 2015. Financial highlights for the quarter include:

Record revenue of $136.8 million, a year-on-year increase of $16.6 million or 14% compared to the first quarter of 2014. GAAP net income of $3.1 million, or $0.05 per share based on 62.3 million fully diluted shares outstanding. This marks a year-on-year increase of $1.2 million, or $0.02 per share, compared to the first quarter of 2014. Non-GAAP adjusted earnings of $8.8 million or $0.14 per share, a year-on-year increase of $4.0 million or... More