Increased investment in software development has helped Delcam to build its sales to record levels
23 Aug 2012
CADCAM developer Delcam is pleased to announce that the company achieved record sales for a six-month period during the first half of 2012. Sales to 30th June 2012 increased by 15% over the same period of last year to £22.9 million, continuing the rising trend in sales that has seen the company setting new record levels in each of the last five half-year periods. Pre-tax profits for the period were £2.09 million.
Despite the continued uncertainty over the global economy, Delcam has been able to increase both its sales of new software licences and the take-up of software maintenance contracts, not only in its established markets in the automotive and aerospace industries but also in newer markets such as the dental sector.
The strongest overall sales results continue to come from the USA and Germany, with the recovery in manufacturing in the USA making the country one of Delcam’s fastest-growing markets. Good growth was also seen in sales of new software licences in many more of the company’s most important markets, in particular in Russia, Korea and India.
Delcam continues to increase its investment in research and development as part of its strategy to build its market share. This investment grew to £5.6 million in the first half of the year. The company has also invested in additional equipment for its Professional Services subsidiary, which continues to grow its business, mainly as a result of increased demand from the aerospace industry.
In the latest report from US analysts CIMdata, Delcam was confirmed, for the twelfth consecutive year, to be the world’s leading specialist supplier of CAM software and services, with the largest development team in the industry.
Commenting on the record achievements, Delcam Chairman Peter Miles, said, “The first half results were encouraging, especially when considering the level of financial uncertainty that exists within many of our important markets. We believe that our broad range of markets, both in geographic terms and in the number of industries we serve, leaves us better placed to capitalise on our success than the majority of our competitors and so we remain very positive about our prospects.”
For more information please visit www.delcam.com