Delcam says business is good!

In reserved, British fashion, Delcam plc today issued a trading update for its business through March 31: Sales were better that management had expected, “with software sales on a global basis and especially within the European market ahead of expectations”. Maintenance revenue, which is historically strong in the first quarter because of the renewal cycle, is described as “robust”.

Contrast this to the statement of a year ago: Trading conditions had “deteriorated significantly” and the downturn in manufacturing sales and reduced levels of confidence … One could be a bit gleeful at the turnaround, but one isn’t.

Delcam released no numerical data, but we should know more with the company’s half-year release in August. London City analysts are expecting total revenue for 2010 to be around £35.25 million pounds, which would be an increase of about 11%. Shareholders are happy at today’s news, sending the stock up 2%.