Half year high

Sales to 30th June 2012 increased by 15% over the same period of last year to £22.9 million, continuing the rising trend in growth 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 sales of both new software licences and software maintenance contracts – not only in established markets in the automotive and aerospace industries but also in newer areas such as the dental sector.

The strongest overall sales results continue to come from the USA and Germany, with the recovery of manufacturing in the former making the country one of Delcam's fastest growing markets. Good growth was also seen in sales of new software licences in other key regions such as Russia, Korea and India.

Delcam continues to increase its investment in R&D part of its strategy to grow 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's 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 customer base – both in geographic terms and in the number of industries we serve – leaves us well placed to capitalise on our success. We remain very positive about our prospects.”

Delcam
www.delcam.com