Cimatron just reported results for Q3. Revenue was up 8% year/year to $11.2 million, making it the 18th consecutive quarter with year/year revenue growth in constant currencies. The company has been pressured to articulate a strategy for additive manufacturing, for competing with Delcam (now part of the Autodesk family), and for using cash for dividends vs. acquisitions — it’s good to see that all of these factors aren’t distractions from growing the business.
CEO Danny Haran said in the earnings press release, “The solid year-over-year revenue growth in the quarter came from both our product lines and from both new license revenues as well as maintenance revenues … Our product rollout for 2014 is progressing as planned. CimatronE version 12 was released in Q3 to growing acclaim for its many new capabilities. The next milestone is the GibbsCAM 2015 release towards the end of the year.”
The company will provide more details during its conference call. I’ll be in the air and will update after I listen to the replay.