SOFTWARE supplier Delcam has seen a major fall in annual pre-tax profits, reflecting the tough conditions in markets like Europe and the United States together with its increased investment in research and development.The Birmingham-based company, which supplies software for product development and manufacturing, recorded profits of £1.1m last year, which compares with £2.3m in 2008.Delcam said the results were “creditable” considering the difficult trading conditions encountered last year.In the company&rsq......for the full story register now for free or login below...