Delcam 1st Half '08 Revenue Up 17% to 17M Pounds
 BIRMINGHAM,
UK, Aug 28, 2008 - Delcam is pleased to announce that the company achieved
record half-year sales in the six months to 30th June, 2008. Sales for the
period grew to £16.9 million, an increase of 17% over the £14.5 million
recorded in the first half of 2007. Pre-tax profit rose by 13% to £1.42
million compared with the £1.26 million in the same period last year.
The company continued to increase its high levels of investment in
software R&D, investing £4.5million in the period, a 10% increase over the
first half of last year. As well as supporting growth in new software sales,
this investment contributed to an increase in maintenance revenues to £5.1
million.
 Commenting
on the results, Delcam Chairman, Peter Miles, said, “I am pleased to report
encouraging results for the first half of the year to 30 June 2008, despite
a backdrop of increasing global economic uncertainty. These results
demonstrate the benefits of the strategy we have been pursuing over the last
three years to acquire complementary software ranges which enhance our
product offering and which we can leverage through our international
distribution network. The results also reflect the benefit of our investment
in research and development which helps to ensure that our software is
industry-leading in our chosen areas.”
“While we remain optimistic of continuing good progress this year, the
worsening global economic uncertainty makes it harder than usual to predict
with certainty how well the Company will perform in the second half.
However, the quality of our software product offering and the spread of our
activities across a range of manufacturing industries and geographic
territories will help to underpin our performance. Looking further ahead, we
continue to view long term prospects for the Company positively.”
For more information, visit
www.delcam.com.
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