Record H1 for Delcam

BIRMINGHAM software company Delcam has reported record half year results with revenue and profits both soaring.

In the six months to June 30, the firm – which develops and supplies software solutions for product development and manufacture saw revenues increase by 15% to £22.9m (2011: £20.0m) and pre-tax profits up 67% to £2.09m (2011: £1.25m).

Chairman Peter Miles said: “Delcam has set new revenue records for five consecutive six-month periods and pre-tax profits increased by 67% to £2.1m, also a new six-month high.

“We remain optimistic that the trading improvements seen in the group will continue for the remainder of the year, provided that there is no significant deterioration in the general financial climate.

“In addition, we believe that our broad range of markets, both in geographic terms and in the number of industries we serve, leaves us better placed to capitalise on our success than the majority of our competitors and so we remain very positive about our prospects.”

The firm is continuing to invest in research and development. It put £5.6m into R&D during the first half of this year compared to £5.1m in the corresponding period in 2011.

Delcam’s software is used by more than 35,000 organisations, ranging across a variety of industries, including aerospace, automotive, footwear, medical and dental, toys and sports equipment.