More positive performance from Delcam

Delcam looks like it ended its financial year (to December 2012) on a high with a pre-close trading update indicating revenue of at least £47m and PBT of c£5m. That would be a 12% YoY revenue increase on FY11. At that level the increase is a little shy of the 14% YoY increase it reported for FY11 vs. FY10 but maintaining double digit growth in today’s environment is quite something. It has been a good year for the company - H1 was a record period with revenue and profits at an all-time high (see Up, up, up for Delcam). The secret to its success appears to be expanding into new verticals without getting distracted from its core CAD/CAM market.