Brady Announces Early 2011 Results
Brady Plc is the only publicly held CTRM vendor in the space. Being public, and therefore being required to report their financial results, the company provides some unique insights into the health of the CTRM market, especially in their core market area of Europe.
According to their press release of January 16th, the company saw a 70% year-over-year growth in revenues in 2011, including increases in recurring revenue (revenues from support & maintenance, license “rentals”, etc) of 145%, which represents about 52% of their total 2011 revenues. Recurring revenues in 2010 were only 36% of total revenues. They noted that they had secured 14 “substantial” new license sales in 2011, versus 10 in 2010.







