CIMdata PLM Industry Summary Online Archive
17 May 2012
Financial News
Cimatron Reports Revenues of $9.9M and Non-GAAP Operating Profit of $1.1M in Q1 2012
Cimatron Limited today announced financial results for the first quarter of 2012.
Highlights of Cimatron’s results for this period include the following:
Record first quarter non-GAAP operating and net profit of $1.1M and $1.0M, respectively
- $0.11 non-GAAP earnings per share
- 69% year-over-year non-GAAP operating profit increase in Q1 2012
- 17% year-over-year new license revenue growth in Q1 2012, on a constant currency basis
- $2.4M positive cash flow from operating activities
Concurrently with the announcement of its results, Cimatron today also declared a cash dividend of NIS 0.78 (approximately US$0.204) per share on outstanding ordinary shares, representing a total dividend payment of approximately $1.9 million.
The dividend is payable on June 25, 2012 to shareholders of record at the close of business on June 4, 2012.
Commenting on the results, Danny Haran, President and Chief Executive Officer of Cimatron, noted “We are happy to report another strong quarter. As global manufacturing activity continues to expand, we are able to grow our business in all territories and across all product lines. While we remain cautious in light of the recent political developments in Europe, we are happy to see strong business in our key European markets, namely Germany and Italy, as well as in North America and Asia.”
“We believe the strong year-over-year growth of license sales reflects our strong competitive position in our target markets, and our ability to translate product innovation into new business. Moreover, we were able to convert the revenue growth into strong cash flow and strong operating profit growth, making this quarter the best-ever Q1 in terms of non-GAAP operating and net profit.” concluded Mr. Haran.
To view an unabridged version on this press release, visit:
http://www.cimatron.com/Group/news.aspx?FolderID=3014&docID=22779&lang=en
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