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Translation software maker SDL sees FY results above estimates

Jan 21 (Reuters) - Translation software maker SDL Plc (LSE: SDL.L - news) said 2013 results would be above market estimates, helped by a restructuring of its business, sending its shares up 10 percent.

The company estimates revenue for the year ended Dec. 31 2013 to be between 265.8 million pounds ($436.45 million) and 266.3 million pounds, while adjusted pretax profit would be between 8 million pounds and 8.3 million pounds.

SDL said the market was expecting revenue of 262.1 million pounds and a profit of 7.3 million pounds.

Shares in the company were trading at 374 pence at 0951 GMT, making it one of the top percentage gainers on the London stock Exchange.

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SDL said the company has gone through significant restructuring to provide better customer, product and cost alignment as well as investments in R&D, sales & marketing and infrastructure.

"The in-line result suggests the translation services business had a good run into year-end with margins improving from the lows of the first half," Investec Securities analyst Julian Yates said in a note.

The company had lowered its full-year profit outlook in October citing a weaker-than-expected performance across its language services and technology divisions in the third quarter.

"The company appears to have got its arms around its organisation and has created a better 'route to market'. Any kind of 'end of the beginning' news is a big positive," Panmure Gordon analysts George O'Connor and Adam Lawson wrote in a note.

The analysts maintained their "hold" rating on the stock and raised their price target to 336 pence from 270 pence.

SDL is expected to report full-year preliminary results on March 18. ($1 = 0.6090 British pounds) (Reporting by Roshni Menon in Bangalore)