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Centric Software embodies its 'Leaders Lead' theme

25
Feb '10
In spite of a difficult year for IT spending and business investment, Centric ended its fiscal 2010 on January 31 with impressive year-over-year gains in sales, coupled with a host of strategic achievements.

Centric representatives spoke repeatedly throughout 2009 on a “Leaders Lead” theme, about the need for companies to 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. 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 at Centric. “The strategy paid off. We were able to build on our record performance of the prior year, and grow sales by over 40% in target markets.”

Sales Growth
Centric posted over 40% annual increase in sales in fiscal 2010 over last year's record performance.
• Customers with hard lines, soft lines or both in the apparel and fast moving consumer goods markets voted their confidence in Centric 8, the company's comprehensive, web-based product lifecycle management (PLM) and sourcing solution. New or add-on orders were placed by companies including Arden Companies, BassPro Shops, Bravo Sports, Charlotte Russe Holding, Colmar – Manifattura Mario Colombo and Company, Dorel Juvenile Group, INTERSPORT France, KlimUSA, The Coleman Company and more.
• Customers in the automotive, pharmaceutical, construction and building, and education industries placed new or expansion orders for Centric Project and other Centric solutions that manage complex product or process data for large teams. Significant orders were placed by companies including Kiewit, Johnson and Johnson, Bristol Meyer Squibb and Princeton University.

Product Initiatives
Centric product investment delivered innovation for both the Centric 8 PLM and sourcing suite, and the Centric Project family of products.

Centric 8 – A new version of Centric 8 PLM and sourcing suite for apparel and fast moving consumer goods companies was launched. It incorporated significant new capabilities to help customers reduce product costs, closely monitor product gross margins, improve collaboration among global design teams, suppliers and partners, and manage top-down/bottoms-up line planning and profitability alignment. Among the new features and enhancements in Centric 8:
• New Product Profitability Planning module that factors all aspects of contribution margin into planning and managing a product's profitability, across development, sales channels and suppliers, and ensures products meet margin targets before they launch.


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