On Monday (April 20th) high-frequency EDA supplier AWR® announced record annual revenues for its 2009 fiscal year that ended March 31, as well as for the year’s fourth quarter, and record backlog as it enters the 2010 fiscal year. This achievement marks the twelfth consecutive year of revenue growth for the company and was broad-based, with strong bookings throughout Europe, North America and the Asia Pacific region from both new and existing customers. It is an impressive streak for the software innovator - especially in light of the worldwide recession.
AWR executives attribute the performance to several factors. The company acknowledged that it had received two of its largest orders in company history, both from top-tier manufacturers of third-generation (3G) wireless transceiver modules for smart phones. The company also claimed to have experienced strong growth within existing aerospace and defense accounts as well as from new customers that switched to AWR products from competing tools.
I’ve always believed that tough times calls for digging in and doubling your efforts to do what has made one successful in the past. This effort needs to also be balanced with flexibility in order to change to changing times. Based on this latest fiscal report, AWR seems to being doing both of these quite well. How is your company weathering the storm? Is the performance of your company better than expected? Are we turning a corner in this recession? Tell us about your success.