The increased revenue was driven by expansion in the company's worldwide reseller network as well as improved revenue from the established markets in Western Europe, the Americas and Japan.

Overall, the American market showed growth of 21% with excellent growth in both the continental US and Latin America. The European market delivered growth of 19% contributed to by outstanding performances from Scandinavia, Germany and the Czech Republic.

During the financial year Pathtrace continued to grow its reseller network around the world with new resellers established in Korea, Japan, India, China and America. The coming months will see the opening of a new expanded office in China to service the needs of an expanding Chinese reseller network and user base.

Pathtrace has continued to invest heavily in new product development and new additions to the product range will be unveiled in the coming months. EdgeCAM 10 will ship in September and will include new machine simulation capability for mills, lathes and mill/turn machines leading to dramatic improvements in visualisation of the machining process. A new range of products for multi-axis milling will follow; these will provide a comprehensive range of simultaneous 4 and 5 axis milling strategies to tackle the production machining requirements of industries such as aerospace and automotive.

Commenting on the results, Pathtrace Chairman Brian Steatham said, "The results for this financial year show the benefits of our continued investment in new product development and expanding our worldwide reseller network. The record level of sales is a reflection of the confidence our customers place in our ability to provide them with solutions for their production machining requirements, however complex the component."