Renishaw sees revenue up 60% year on year

This excellent third quarter result was helped by particularly strong revenue of £32.0 million in March 2011, said the company. The cumulative revenue for the nine months to 31 March 2011 of £204.9 million (approximately 95% of which comprised sales to overseas customers) was 69% ahead of the £121.1 million for the comparable period last year. Metrology revenue for the nine months was £190.6 million, compared with £108.4 million last year, an increase of 76%, with healthcare revenue of £14.3 million, posting an increase of 13%, versus last year's £12.7 million. Profit before tax for the nine months to 31 March 2011 amounted to £60.3 million, compared with £15.5 million last year. Since 1 July 2010, Renishaw has taken on 285 new personnel to support growth, as well as develop new products and processes to maintain this growth into the future. Headcount at the end of March 2011 was 2,384, compared with 2,099 at the start of the financial year, and there are currently 293 vacancies throughout the group – 235 in the UK and 58 overseas. Pictured: Renishaw Equator, the company's most recent large product release see here for more details