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Interpretation and Translation Companies
Boomingin a Failing Economy
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Despite a failing economy, translation and interpretation companies continue to thrive. According to an industry survey, the average language services company reported a 20 increase in business between 2007 and 2008.

In fact, the average gross revenue for such companies is higher, profits are higher than three years ago. Written translation work continues to bring in major revenues for companies that provide services for hospitals, courtrooms, and other industries that use language services. In addition, legal and governmental clients are now becoming a source of revenue for these companies.

The survey was a product of a large amount of work and research to determine current trends in the interpretation and translation industry. The results are favorable for the industry and a greater reliance on these services is likely to steadily increase in the future.

27 October 2008

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