CAD/CAM Delcam sets records for sales, profits in 2011
CAD/CAM developer Delcam plc has announced record sales of £41.9 million (€50.1 million) and record profits of £3.73 million (€4.46 million) for last year. Sales grew 14% to eclipse the record set in 2010. The Birmingham, UK–based company reported growth in most international markets.
Delcam said the latest results demonstrate continued sales growth since 2009 and further recovery in global manufacturing has been stimulating demand for both new software licences and maintenance contracts. Sales in the second half of last year reached a new high, so the company has set sales records in the past four halves. The strong sales trend continued in early 2012, Delcam said.
Strongest overall sales came from the US and Germany, the company said, whereas the fastest sales increase of new software licences occurred in Asia, especially in India, Indonesia, Korea and China. In addition, 28 Delcam resellers reported sales increases above 20% in 2011.
Continuing its strategy of promoting long-term growth, the company invested strongly in product development. Its 2011 investment of £10.7 million (€12.8 million) exceeded the 2010 total by £1.1 million (€1.3 million). In keeping with longstanding policy, Delcam released at least one new version of all of its principal software products during the year.
Other highlights last year included the presentation of Delcam’s sixth Queen’s Award for Enterprise in June and July’s announcement by CIMdata that the company had retained its position as the world’s leading specialist supplier of CAM software and services.
Full details of last year’s performance and the outlook for this year are presented in a statement by Delcam Chairman Peter Miles. “The current indications are that 2012 should see continued investments in capital equipment and associated software in our key automotive and aerospace markets… [W]e anticipate that our trading results for the coming year should show further improvement over those for the last twelve months.”
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