Eighth straight year of growth yields GBP1.1 million profit for BIW Technologies, one of the world's leading providers of online construction project control software.
BIW Technologies increased its turnover by 27% per cent to GBP7.3 million in the year to 30 September 2008, with profits more than doubling to GBP1.1 million.
The value of unrecognised revenues in the order book is up to GBP12.77 million at September 2008, from GBP8.43 million at September 2006.
In line with BIW's software-as-a-service model (SaaS) - where subscribers typically pay annually for the software, but agree long-term deals - these are contracted revenues that apply to future years, which give visibility and resilience to the company's forward revenues and cashflows.
BIW's growth this year has included some notable high-profile contract wins.
These included being selected to provide its SaaS system to support the design and construction of the headquarters of the Bill and Melinda Gates Foundation in Seattle.
BIW also, earlier this year, signed a corporate agreement with Nakheel, Dubai's leading property developer, to deliver SaaS applications to manage and deliver Nakheel's development projects throughout the United Arab Emirates.
Nakheel's projects include the 1.4 billion square foot Waterfront development, the internationally renowned Palm Trilogy and The World.
Nakheel's developments include more than 250 hotel projects and over the next two decades the company will provide residences accommodating around three million people.
Nakheel currently has US$60 billion worth of major projects under development.