Delcam buoyant after best results ever

BIRMINGHAM-based software firm Delcam has recorded its best ever results with sales and profit both up – profit by more than 50%.

In the 12 months to December 31, the firm saw sales increase by 12% to £47.1m (2011: £41.9m) driven by increased software licence sales across all major territories including the US, the Far East and Europe.

Pre-tax profit was up 54% to £5.1m (2011: £3.3m) and the company’s software licence revenues were up 16% to £24.5m.

Delcam’s software is used by more than 40,000 organisations across a variety of industries, including aerospace, automotive, footwear, medical and dental, toys and sports equipment.

The firm says it has increased its investment in marketing – to raise worldwide brand profile and the board expects Delcam to make further progress this year.

Chairman Peter Miles said: “These results are Delcam’s best ever and the sales trend is especially encouraging, with new sales records achieved in each of the last six half year periods.

“Our continued progress in 2012 was very encouraging, especially given the levels of financial uncertainty which affected sentiment for investment in many of our important markets.

“We continue to believe that our broad range of markets, both in geographic terms and in the number of industries we serve, together with our long-term commitment to research and development, leave us well placed to be more successful than the majority of our competitors.”