RWS Holdings Projects Growth Amidst AI Expansion

RWS Holdings (GB:RWS) has released an update.

RWS Holdings PLC reported a 2% decline in organic constant currency revenues and an expected £45 million adjusted profit before tax for the first half of 2024, marking a slight improvement from the previous year’s downward trends. The company anticipates stronger revenue in the second half, bolstered by new business wins and growth in AI-based solutions. Despite facing macroeconomic and market pressures, RWS Holdings remains optimistic about its AI investments and returned growth in its Language Services and IP Services divisions.

For further insights into GB:RWS stock, check out TipRanks’ Stock Analysis page.