Industry Headlines

Delcam Sets Sales Record in 2008

BIRMINGHAM, UNITED KINGDOM-Delcam, maker of CAD/CAM software, has announced that the company achieved record sales in 2008. Sales for the period grew to £32.9 million ($46.6 million), an increase of 11% over the £29.7 million ($42 million) recorded in 2007. Pre-tax profit rose to £2.26 million ($3.2 million) compared with the £2.15 million ($3 million) last year.

The company continued to increase its investment in software research and development, investing £8.8 million ($12.5 million) in the period, compared to £7.8 million ($11 million) during 2007. As well as supporting growth in new software sales and enabling the introduction of new products, this investment contributed to a 20% increase in maintenance revenues to £9.7 million ($13.7 million).

“The robust results achieved by the group over the past financial year reflect the high-quality software products that we continue to offer and the benefits of our diversified business, both in terms of our geographic reach and the many industries that we serve,” says Delcam Chairman Peter Miles.

“The next two years are going to be difficult but also an opportunity. The favorable exchange rate, strong cash position and high levels of predictable income present Delcam with a significant opportunity to increase our market share,” says Miles. “During 2009, we plan to maintain our investment in product development and marketing to take advantage of the recovery when it comes, while continuing to exercise tight control over our day-to-day expenditure.”

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