Cimatron Ltd. (CIMT) Posts Solid Q4 and FY2010 Results
Cimatron Limited, a leading provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries, today announced financial results for the fourth quarter and full year 2010, posting significant increases across the board. Revenues for the fourth quarter 2010 increased 12.8 percent to $11.0 million, up from $9.8 million recorded for the fourth quarter of 2009. Full-year revenue for the 12 months ended December 31, 2010, grew 9.5 percent to $36.1 million compared to $33.0 million for the comparable 12 month-period of 2009. Cimatron reported gross profit for the fourth quarter of 2010 at $9.4 million compared to $8.0 million…