Delcam has maintained its strong form with an expectation-busting first half of 2012. In a trading update released this morning, the CAM software player says trading in Jan to May was “ahead of the same period last year”, with pre-tax profits for H1 now predicted to be better than expectations. The company also reports that royalties from software and maintenance licences increased by 14% year-on-year in the first five months.
This is all very solid from Delcam, which delivered an excellent set of 2011 results (see Delcam exceeds in 2011). The company continues to grow by focusing on its CAM niche and benefitting from growth markets across the globe. Shares are up 2% in early trading.