Cimatron Limited (CIMT) Doubles Up on Q2 Revenues, Earnings

Cimatron Limited (CIMT), an Israeli provider of computer-aided design and manufacturing (CAD/CAM) solutions for the toolmaking and manufacturing industries, reported second quarter 2008 financial results this afternoon after the close. Revenues rose to $10.7 million, an increase of 94% year-over-year from $5.5 million. Non-GAAP net income rose to $0.74 million, or 8 cents per diluted share, an increase of 146% from $0.30 million, or 4 cents per diluted share, for the same period a year ago. Excluding adjustments, net income on a GAAP basis fell to $0.20 million, or 2 cents per share, from $0.29 million, or 4 cents per share, a year ago.