Software Delcam reports record sales in first half of 2012
Additional turnover allows for increased investment in R&D.
CAD/CAM developer Delcam has announced that the company achieved record sales in the first half of this year. Sales to 30 June 2012 increased 15% to £22.9 million versus the year-earlier period, the company said.
It noted that the rising trend in sales has produced record levels in each of the last five half-year periods. Pre-tax profits for the period were £2.09 million, according to the company.
"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," the company said.
Strongest overall sales results came from the US and Germany, the company said, adding that the US manufacturing recovery has made the country one of Delcam’s fastest-growing markets. It singled out Russia, South Korea and India for good growth in software licences.
Delcam said it is continuing to increase investment in research and development as part of a strategy to increase market share. Such investment grew to £5.6 million in the first half, it explained. The company noted that it has also invested in additional equipment for its Professional Services subsidiary, which continues to expand, mainly as a result of increased demand from the aerospace industry.
Commenting on the reported sales record, 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.”
According to Delcam, in the latest report from US analysts CIMdata the company received the title of the world’s leading specialist supplier of CAM software and services for the twelfth consecutive year.