Centric Software Reports 40 Percent Growth for Fiscal 2010

Centric Software announced 40 percent year-over-year gains in sales for its fiscal 2010 year which ended on January 31.

Centric, citing the difficult year for IT spending and business investment, reported the growth in spite of the difficult economic climate, pointing to "year-over-year gains in sales coupled with a host of strategic achievements."

Centric attributed its growth in part to its "Leaders Lead" theme for 2009; the campaign proclaimed that companies must invest strategically to emerge stronger as the economy recovers.

"Many of Centric's customers adopted this strategy and made Centric product offerings key investments during the year," the company said in an announcement. "This resulted in another record year. And Centric heeded its own advice, with significant investments in new product introductions, technical advances, and successful customer initiatives."

"Our focus this year was to stay close to our customers, understand the issues they faced, and provide solutions that enabled them to weather the economic conditions, and emerge stronger and more competitive as their business conditions improve," said Chris Groves, president and CEO of Centric. "The strategy paid off. We were able to build on our record performance of the prior year, and grow sales by over 40 percent in target markets."

For 2009, Centric reported new or add-on orders for its Centric web-based PLM and sourcing solution from companies including Arden Companies, BassPro Shops, Bravo Sports, Charlotte Russe Holding, Colmar - Manifattura Mario Colombo and Company, Dorel Juvenile Group, INTERSPORT France, KlimUSA and The Coleman Company.

The company also launched a new version of its Centric 8 PLM and sourcing suite in 2009. The product, according to Centric, is specifically designed for apparel and fast moving consumer goods companies.

Among a lengthy list of highlights posted on its web site, Centric said that in 2009, it implemented a best-practices based implementation methodology to help customers in the apparel and consumer goods industries realize rapid deployment and return on technology investment.
The company also held its inaugural customer advisory board meeting this past fall, which it says was attended by customers in the retail, fashion and consumer goods markets.
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