Published: April 11, 2011
AWR Announces Record Sales and Revenues for Fiscal Year 2011
EL SEGUNDO, Calif. - (BUSINESS WIRE) - AWR
Corporation, the innovation leader in high-frequency EDA, announced
today that it achieved record sales growth, revenues and backlog for
fiscal year 2011, which ended March 31, 2011. The company achieved
double-digit sales growth and recorded revenue growth for its fourteenth
consecutive year. The Asia-Pacific region grew by the greatest
percentage, achieving more than 30% year-to-year sales growth over
fiscal year 2010. China, for the first time, joined Japan in the top
five markets ranked by country for AWR software.
"AWR has experienced a marked acceleration in sales and sales-related
activities over the past two quarters, and we remain extremely
optimistic about the future," said Dane Collins, AWR chief executive
officer. "Fiscal year 2011 was a breakthrough year for the company, as
more and more companies shifted away from legacy design tools to embrace
AWR's innovative, intuitive, and integrated software solutions."
AWR accomplished a broad-based surge in sales that included several
large new customers in the telecommunications and defense electronics
sectors. Sales of the company's Visual System Simulator product line as
well as sales of its flagship product, Microwave Office , into the
signal integrity space added to historical revenue numbers in the
monolithic microwave integrated circuit (MMIC) and radio frequency
integrated circuit (RFIC) design sectors.
"Achieving record revenues for the fourteenth year in a row is a great
accomplishment in light of the severe market downturns and turbulent
global economy over the past few years," said AWR chief financial
officer, Rick Bottomley. "The Company not only exceeded revenue and
profitability goals established at the beginning of the fiscal year, but
also ended the year with a record backlog that positions AWR well for
future growth."
About
AWR
AWR, the innovation leader in high-frequency EDA software, dramatically
reduces development time and cost for products employed in wireless,
high-speed wired, broadband, aerospace and defense, and electro-optical
applications. For more information, visit http://www.awrcorp.com.
Visit AWR at: AWR.TV,
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(c) Copyright 2011 AWR Corporation. All rights reserved. AWR and the
AWR logo are registered trademarks of AWR Corporation and Microwave
Office and Visual System Simulator are trademarks of AWR Corporation.
All others are trademarks of their respective holders.
AWR Corporation
Sherry Hess, 310-726-3000
Vice President of
Marketing
hess@awrcorp.com
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