Delcam (AIM:DLC) - positive update but the share price is probably up with events?
The AIM quoted developer and supplier of advanced software solutions for product development, manufacture and metrology issued a positive trading update for the financial year to 31st December 2012. The shares have performed terrifically over the last year or so and the latest update could encourage further.
The Group reported that trading in the first five months of the financial year has been ahead of the same period last year, with royalties from software and maintenance licences increasing by 14% over that period year on year. First half results are now expected to set a new record for a half year with pre-tax profits for the full year now ahead of current market forecasts – previous forecasts were for revenue growth of 7% which now appears to be approximately 9%. The house broker’s revised full year 2012 estimates are now for revenue of £45.7m, adjusted pre-tax profit…