RWS Holdings plc (RWS) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Well, good morning, everybody, and welcome to the RWS mid-year results for 2024. I'm Ian L Mockadam, CEO, and I'm joined today by Kandi Davis, our CFO. We're going to follow a similar structure to normal, so I'll commence with some opening remarks. I'll then hand over to Kandi to go through the financial review. I'll then come back to do a more detailed strategic and operational review, touch on current trading and outlook, and then we can go to questions. So I know many of you are very familiar with RWS, but a quick reminder of who we are. We're a unique world leading provider of technology enabled language content and IP services, well diversified with many leading market positions. We operate in a large market with attractive structural demand drivers. We are well established, founded in 1958. with a large, high-quality customer base across a range of sectors. Many of those clients are market leaders in their own industries. We've built a unique platform in our industry. We're a market leader with proprietary technologies and deep expertise and delivery platform that is truly global and capable of delivering on a 24-7, 365 basis. We're going to talk a lot about AI today, but whenever we talk about AI, we also always end up talking about people. And one of the features of our model that we think is of growing significance is our ability to deploy large communities of people with different expertise, linguists, data annotators, and other skills, all of which are both servicing our localization industry through language, but also helping to train our own AI models and increasingly through our train AI service, helping clients to deliver their own AI models for a whole range of different applications. And we'll talk more about that as we go through. We have a strong f...