Delcam Chairman Peter Miles announced record sales for the company in 2008

Delcam sets new sales record in 2008

Delcam has announced that the company achieved record sales in the year to 31st December, 2008. Sales for the period grew to £32.9 million, an increase of 11% over the £29.7 million recorded in 2007. Pre-tax profit rose to £2.26 million compared with the £2.15 million last year.

The company continued to increase its high levels of investment in software R&D, investing £8.8 million in the period, compared to £7.8 million during 2007. As well as supporting growth in new software sales and enabling the introduction of new products, this investment contributed to a 20% increase in maintenance revenues to £9.7 million.

Commenting on the results, Delcam Chairman, Peter Miles, said, "The robust results achieved by the Group over the past financial year reflect the high-quality software products that we continue to offer and the benefits of our diversified business, both in terms of our geographic reach and the many industries that we serve.”

"The next two years are going to be difficult but also an opportunity. The favourable exchange rate, strong cash position and high levels of predictable income present Delcam with a significant opportunity to increase our market share. During 2009, we plan to maintain our investment in product development and marketing to take advantage of the recovery when it comes, while continuing to exercise tight control over our day-to-day expenditure.”