CADCAM company achieves record sales
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Delcam product story
Edited by the Engineeringtalk editorial team
Apr 2, 2007
During 2006, CADCAM developer Delcam again achieved record sales, with a further acceleration in the growth in sales that it has been seen in recent years.
During 2006, CADCAM developer Delcam again achieved record sales, with a further acceleration in the growth in sales that it has been seen in recent years.
Group sales for the year to 31st December 2006 rose by 14% to GBP 26.7 million from GBP 23.5 million in 2005.
Profit before tax increased by 9.6% to GBP 2.56 million from GBP 2.34 million.
These record results were driven by good growth in software licence sales in the core Power Solution range of software and by additional revenue fromnewer software ranges, FeatureCAM, which was acquired in July 2005, and PartMaker, which was acquired in July 2006.
Commenting on the results, Delcam Chairman Tom Kinsey said, "The group made good progress over the year".
"We continue to ensure that our products remain industry-leading through significant investment in research and development and believe this policy will ensure higher sales over the longer term".
"Our RandD investment over the year was GBP 7.3 million (2005: GBP6.5 million) and we released improved versions of all of our main software products during the period".
"The value that our customers place in these enhancements is reflected in the record levels of income from maintenance contracts".
Kinsey also highlighted the importance of the company's broadening customer base.
"Several years ago, we began a diversification strategy to reduce our dependence on the mould and die industry", he said.
"It is particularly pleasing to report our progress in the aerospace industry".
"As well as significantly increasing our software sales in this sector, our Professional Services Group has been able to develop valuable business with leading engine and airframe manufacturers".
"The dental industry is another area where we have had initial success and expect to see further growth following the introduction of Dentmill, a dedicated version for the sector of our PowerMILL CAM program".
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