Toulouse, December 15th 2010.
After a difficult period in 2009/2010, marked by significant business slowdowns in the fields of electrical equipment and Computer Aided Design (CAD) software, IGE+XAO is posting growth for its first quarter 2010/2011. Its consolidated revenues thus amount to €4,895,522, up 3.4% in comparison with the previous year.
Concerning product launches, the 2010/2011 financial year is promising to be particularly intense, with the marketing of major new versions of the IGE+XAO Group’s leading software – SEE Electrical Expert and SEE Electrical. These new products will supplement the Group’s offers: SaaS (Software as a Service), Building and Electrical PLM (product lifecycle management).
On the commercial level, in 2011 IGE+XAO will be opening new sales offices in North Africa. The Group is also planning to boost its presence in China by setting up offices in Chongqing and Guangzhou (Canton).
On the strength of its solid financial situation, the Group intends to push ahead with its development plan over the financial year, in the aim of growing its business as well as its earnings.