CIMdata PLM Industry Summary Online Archive
27 January 2009
Financial News
CONTACT Reports Highest Order Volume Since its Founding
CONTACT Software GmbH, founded 1990 in Bremen and specialized on solutions for Product Data Management (PDM) and Product Lifecycle Management (PLM), reports increased revenue and profit in its 18th year in succession. The fiscal year 2008 peaked with a very strong fourth quarter, with an intake of POs amounting to some 8 M Euro. The total purchase order backlog, spread across the various industries, hedges company performance far into FY 2010, reports Karl Heinz Zachries, management chairman of CONTACT Software. He further sees the current year optimistically and expects the positive business development to continue with a somewhat reduced profit ratio. He also expects CONTACT to gain additional market share.
Zachries does expect the crisis to affect company investment policy, as the overall business environment requires a strict cost management – this applies especially to for the automotive industry. At the same time, enterprises in all industries are under fierce competition, demanding even more productivity and especially the development of new products meeting customer demands. With solutions at hand that integrates Product Data Management with powerful project and process management tools, Zachries sees CONTACT Software well equipped for market demands. „Companies invest in our PDM/PLM platform to market their products faster, cheaper and in higher quality” is the underlying reasoning for his estimate.
Zachries sees another advantage in his companies’ most favourable capital ratio of over 40% : „We are able to operate more independent of current market turmoil and pursue strategic targets for further growth and the extension of our product portfolio under detrimental market conditions“. In addition, in early 2009 CONTACT will launch a completely new standard for CAD Data Management that claims innovative technological characteristics, radically simplifying CAD data management for users.
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