Delcam claims another record year

Group sales for the year to 31 December 2007 rose by 11 per cent to £29.7 million from £26.7 million in 2006. These record results were driven by good growth in software licence and maintenance sales in the core Power Solution range of software and by additional revenue from the company’s newer software ranges, FeatureCAM, which was acquired in July 2005, PartMaker, which was acquired in July 2006, and Crispin, which was acquired in December 2006. Profitability suffered as result of the weak dollar. With more than half of Delcam’s global sales undertaken in the US$, this weakness impacted profit by more than £0.5 million. Profit before tax was £2.15 million compared with £2.79 million achieved in 2006. Since last year's Renishaw investment in Delcam of £6.1 million the two have been working together on new initiatives, including the development of software to support Renishaw’s new inspection probes and for applications in the medical industries.