We’re not quite done with earnings announcements, it appears. And maybe 2009 won’t be
the disaster everyone forecasts. CD-adapco President Steve MacDonald said the following
at the company’s annual European user conference:

“In the midst of constant reminders about how tough times are, CD-adapco managed to
grow at 22% last year, a performance that we have matched through the first five months of
our current financial year. I am convinced that CAE is absolutely the right place to be right
now, as more and more companies look to adopt simulation technology as part of a drive
towards lean-engineering. My strong belief is that the current economic situation presents
a fantastic opportunity to CD-adapco and the CAE community as a whole."

Read the conference wrap-up here. Interesting note: when many companies are scaling
back user conferences, CD-adapco reports near-record attendance this week in London.