Delcam 1st half '08 revenue up 17 percent to 17 million pounds

Delcam Plc. (www.delcam.com) achieved record half-year sales in the six months to 30th June, 2008. Sales for the period grew to ≤16.9 million (pounds), an increase of 17 percent over the ≤14.5 million (pounds) recorded in the first half of 2007. Pre-tax profit rose by 13 percent to ≤1.42 million (pounds) compared with the ≤1.26 million (pounds) in the same period last year.

The company continued to increase its high levels of investment in software R&D, investing ≤4.5million (pounds) in the period, a 10 percent 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 (pounds).

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.”

Delcam will be working with 40 manufacturing partners, including many of the world’s leading providers of machine tools and inspection equipment, at the IMTS exhibition to be held in Chicago from September 8 to September 13.

“The last three years have seen Delcam gain a much higher profile in North America,” Delcam USA president Glenn McMinn claimed. “This has come about partly as a result of the acquisition of established US CAM providers FeatureCAM and PartMaker, and partly because of increased sales of our existing PowerMILL, PowerSHAPE, ArtCAM and PowerINSPECT software ranges. The fact that we are working with so many partners at IMTS provides further evidence of our current high status in the US.”