To Our Valued Customers, Trusted Partners, Dedicated Employees and Esteemed Colleagues:
Dear Friends,
I can’t think of a more appropriate time than February, a month dedicated to the most heartfelt messages, to sincerely thank you for helping MWH Soft achieve the stellar success we continue to enjoy year after year.
And what a year this one was. No doubt, 2009 will go down in the history books. If you type “since the great depression” into a search engine, you’ll get almost 11 million pages in which financial analysts, journalists and consumers detail 2009’s economic climate. In a period defined by the most significant worldwide economic upheaval since the Great Depression, we are proud that 2009 marked another great year for our company.
We responded to the changing economic environment with speed and success. Thanks to our world-class teams around the world, our outstanding array of innovative product solutions and our unique strengths, we achieved record revenues and delivered a solid sixth straight year of double-digit revenue and subscription growth plus double-digit profitability with industry-leading margin. That put us in a very select group of companies across the board.
In fiscal 2009, we also continued our passionate pursuit to enhance the value of our product offerings, adding a rich stream of new functionality, capabilities and performance improvements that significantly increased our customers’ productivity and efficiency and gave them a quick return on investment. We looked for breakthrough ideas by investing heavily in our research and development groups and by scouring our customers around the world for great concepts. As a result, we achieved multiple MWH Soft firsts with landmark product introductions that realized the promise of next-generation technology. These innovations have not only driven new applications for our solutions, but empowered new categories of users and positioned us for strong growth down the road. What an inspiring way to wrap up the year!
At MWH Soft, we have always believed in setting challenging goals focused on advancing our noble profession and growing long-term customer value to achieve our targets. And we’ve met those goals by executing superbly on all aspects of business fundamentals. Our virtuoso performance in 2009 shows the effectiveness of this approach.
Never in MWH Soft’s history has there been a year of such tremendous change. Our overnight transformation from a leading water modeling company and one of the most recognizable brands in North America to a world-leading water, wastewater, river and flood modeling and simulation company has been nothing short of amazing.
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