Cimatron, the Israeli and American CAD/CAM supplier, reported today that total revenue in Q2 was up 19% to $10 million on strong sales of new licenses in all territories and product lines. The company reports that new license sales were up 41% in constant currency.
Said CEO Danny Haran, "Customers all over the world realize the benefits of using our products for their enhanced performance and efficiency, and this leads to more new product sales and more maintenance revenue. As we have said time and again, much of the revenue growth finds its way to the bottom line, which resulted (in Q2) in the more than doubling of our operational and net profits on a year-over-year basis."
Mr. Haran also commented on the outlook for the rest of 2011: "Given the typical seasonality in our business, where the second half of the year is usually stronger than the first, we are optimistic about the remainder of 2011."
Update coming after the earnings call.