CIMdata PLM Industry Summary Online Archive
24 August 2007
Financial News
Delcam Announces New Half-Year Record for Sales
Delcam announced that the company has achieved its best ever half-year sales in the first six months of 2007. Sales for the six months to 30th June, 2007, were £14.5 million (US$ 29 million), up almost 10% on the £13.2 million (US$ 26.4 million) achieved in the first six months of last year. The increase in sales came mainly from the addition of the PartMaker and Crispin families of software to the Delcam range.
The deterioration in the US dollar exchange rate adversely affected profitability, impacting by approximately £350,000 (US$ 700,000). Profit before tax for the first half was therefore £1.15 million against £1.2 million last year.
Delcam reinforced its commitment to its customers with a further increase in spending on research and development. Expenditure grew from £3.7 million (US$ 7.4 million) in the first half of 2006 to £4.1 million (US$ 8.2 million) in the opening six months of 2007.
Commenting on the results, Peter Miles, Chairman, said, "In my first statement as Chairman, I am pleased to report that the business continues its strong growth despite the impact of the declining US dollar. We are seeing the benefits come through of the acquisitions of two software ranges we made in 2006. The new ranges add additional breadth to our product offering and we are in a good position to leverage future sales growth through our global distribution network.
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