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AWR Press Release - April 26, 2010
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AWR Records 13th Consecutive Year of Revenue Growth
EL SEGUNDO, CA – April 26, 2010 – AWR Corporation, the innovation leader in high-frequency electronic
design automation (EDA), announced today another financially successful year for its 2010 fiscal year, which ended
March 31, 2010. Highlights include record annual revenues (the 13th consecutive year of revenue growth), an
increase in employees, and global expansion including a new office in Korea.
AWR’s sales growth was driven
in large part by heightened demand for its latest product, AXIEM™, a breakthrough 3D planar electromagnetic (EM)
technology. In addition, the aerospace and defense sector trend toward reevaluating tools during the economic
downturn resulted in a transitioning from legacy products to AWR’s Microwave Office® design environment. This
retooling trend has been especially strong in the area of monolithic microwave integrated circuit (MMIC) design
and added significant momentum to AWR final quarter sales results.
"We are extremely pleased with our
financial results this past fiscal year, especially in light of the continued challenging economic climate," said
Rick Bottomley, AWR’s CFO. "Along with record annual revenues, we achieved positive cash flow and continued
profitability.”
“Our consistent and continued growth verifies that customers need tools to increase their
productivity and positively impact their bottom line,” said Dane Collins, CEO at AWR. “Our software solutions
deliver those results and even more when complemented by our valuable staff that services our worldwide customer
base.”
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 www.awrcorp.com.
Visit AWR at:
AWR.TV,
AWR Blogs,
Facebook,
Twitter, and
YouTube.
Contact:
Sherry Hess
Vice President of Marketing
AWR Corporation
(310) 726-3000
hess@awrcorp.com
Posted 4/27/2010
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