Cimatron (CIMT) Reports Strong Third Quarter Results with Net Profit of $0.9M on a Non-GAAP Basis
GIVAT SHMUEL, Israel, November 10, 2010 /PRNewswire-FirstCall/ — Cimatron Limited (NASDAQ: CIMT) (”Cimatron” or the “Company”), a leading provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries, today announced financial results for the third quarter and first nine months of 2010.
Financial highlights - Q3/10 total revenue up 26% year-over-year on a constant currency basis - Q3/10 new licenses revenue up 51% year-over-year on a constant currency basis - Operating results in the first nine months of 2010 improved by $2.5M year-over-year - $4.3 million positive cash flow from operating activities in the first nine months of 2010, an 86% year-over-year increase - $10.2M cash balance at end of Q3/10Commenting on the results, Danny Haran, President and Chief Executive Officer of Cimatron, said “We are very pleased with the strong third quarter results. We have seen solid growth in all our territories and all product lines, in what seems more and more like a sustainable market recovery. Traditionally, the third quarter is the weakest quarter of each year, due to the long summer vacations. This year presents a notable exception, with quarter-over-quarter improvement in all parameters from the second to the third quarter. The combination of continued revenue growth and tight budget control results in significant profitability improvement and strong cash flow. We are especially excited about the rapid growth in sales of new licenses, which is the best indication of market confidence and change in the business environment. Early indications suggest that this trend continues into Q4, which is traditionally the strongest quarter of each year”, concluded Mr. Haran.
...|
Nov 10 () - Software maker Cimatron ltd (CIMT.O) posted higher third-quarter adjusted profit, helped by higher sales of its new licenses, |
|
BJ's Wholesale Club Inc. (NYSE:BJ) shares gained 12.6% after the New York Post reported the warehouse-store operator was considering options including a |
|
Cimatron's management will host a conference call that same day, at 9:00 EST, 16:00 Israel time. On the call, management will review and discuss the results |
|
(RTTNews) - Cimatron Ltd. (CIMT: News ) reported third quarter adjusted EPS of $0.10 Wednesday morning, compared to the loss of $0.06 in the prior year. |
|
Shares of Cimatron Ltd. (NASDAQ: CIMT) soared more than 65% on Wednesday after the company reported a third-quarter profit of $320000, or 4 cents a share. |
