 |
 |
||||||
[May 2005]
Record Sales at Delcam - Again
Sales for Delcam PLC (Birmingham, England) for the year to 31 December 2004 were at a record level of 21 million, compared with 20.5 million in 2003, which was itself a record year. Profit before tax of 1.2 million showed a small decline from the 1.3 million achieved in 2003, a direct result of the fall in the US dollar. Based on the 2003 dollar rate - with 60% of Delcam's software and maintenance sales being denominated in USD - it is estimated that profit would have increased by an additional 500,000, a significant improvement on 2003 and ahead of market expectations. Basic earnings per share were 18.9p compared to 20.5p in 2003.
Chairman Tom Kinsey said: "The increased investment in product development enabled us to release improved versions of all our main software products during the year. These have been well received by our customers and have contributed to record levels of maintenance revenue from our existing users.
"We have also undertaken further growth of our international distribution network, both through the appointment of additional resellers and through the expansion of our established offices. The new resellers were established in New Zealand, Singapore and the USA, while our existing operations in China, India, Thailand, Russia and Canada have opened new, larger offices. These two factors have combined to give our record sales levels.
"We continue to believe that it is essential to maintain and enhance our development activity as we seek to further increase sales by having the best products in all of the sectors in which we operate. Our customers, who wish to ensure that they receive regular enhancements to their software, welcome this philosophy. It will enable us to continue with further significant new releases during 2005."
ENDS