The fiscal 2016 results of Lectra, the technology solution provider, indicated strong growth in operational income and revenues. Lectra’s revenues for fiscal 2016 totalled US $ 279.3 million, a 10 per cent increase compared to 2015. New systems sales revenues increased by 14 per cent (US $ 121.4 million) and recurring revenues rose by 7 per cent (US $ 157.8 million).
As compared to 2015, fiscal 2016 operational income increased by 18 per cent and the operating margin was up one percentage point (14.3 per cent). It is worth noting that Lectra’s 2016 net income also increased to US $ 28.7 million, which was up US $ 3.5 million from the year before.
Also Read – Lectra gears up for ‘Industry 4.0’ era
Along with strong annual results, Lectra shared its new strategic roadmap for 2017 to 2019, a long-term vision to gear customers, including retailers, for production changes in the coming decade. One core strategic roadmap objective will drive customers into Industry 4.0. This essential objective is to progressively shift new software license revenues into recurring subscriptions with a new Software as Service (SaaS) service.
“This presents an unprecedented opportunity for Lectra, calling for the integration of smart solutions and services, and the replacement of production plants incompatible with connected factory concepts,” Lectra CEO Daniel Harari said in the annual report released.
