Company Credits Exceptional Product Technology and Company Culture Focusing on Customer Productivity for Continuous Success
EL SEGUNDO, Calif. — (BUSINESS WIRE) — October 26, 2009 — AWR®, the innovation leader in high-frequency electronic design automation (EDA), today announced record revenues for the first half of its 2010 fiscal year which ended September 30, 2009. The company also reported record profitability (EBITDA) for this same period, as well as the largest number of employees in its history. In contrast to competitors in the market sectors it serves, AWR is thriving and growing despite the uncertain economy.
AWR's performance in the first half of its current fiscal year (2010) was driven by consistent growth within existing aerospace and defense accounts as well as from new customers switching to AWR products from competing tools as they look to exit this recession with a competitive advantage.
“In these tumultuous times, trust has become a huge issue,” said Dane Collins, AWR CEO. “AWR’s continued success, over the years and especially throughout this year-long economic recession, attests to the fact that customers are convinced that AWR is in the best position to support their long-term goals and is the one vendor committed to the RF and microwave market. Focusing on the productivity of our customers is a winning strategy. Delivering exceptional product technology and complementing that with a company culture that believes in going the extra mile to ensure the success of our customers is a powerful combination and one that is clearly working well for AWR."
AWR is the innovation leader in high-frequency EDA software that dramatically reduces development time and cost for products employed in wireless, high-speed wired broadband, aerospace and defense, and electro-optical applications. The privately-held company has thousands of active users and is headquartered at 1960 East Grand Avenue, Suite 430, El Segundo, Calif. 90245. For more information about AWR and its products, visit www.awrcorp.com.
© Copyright 2009 AWR Corporation. All rights reserved. AWR, and the AWR logo are registered trademarks of AWR Corporation. All others may be trademarks of their respective holders.
Sherry Hess, Vice President of Marketing