Who’s at the top of the heap in 2007? L-3 leapt into first place based on its work for the U.S. Army in Iraq. Lionbridge reached US$419M. SDL grew to US$174.5M, and TransPerfect vaulted to US$112.8M.

The fastest growing company was Moravia Worldwide, with a year-over-year revenue improvement of 72.6%. The company with the highest revenue per employee was the Logos Group, from Italy, with US$256,447.28 per employee.

The report — which contains our updated estimate of the market for language services — is available for free from our website. Common Sense Advisory will conduct a webinar for members only to present the findings of this report.

The race is on for next year. Who will be at the top?