The next industrial era of automated factories and digital supply chains, also known as Industry 4.0, is upon us and Lectra is pioneering this high-tech shift with notable internal investments.

The technology solution provider’s fiscal 2016 results indicated strong growth in operational income and revenues. For fiscal 2016, Lectra’s revenues totaled $279.3 million, which was a 10 percent increase compared to 2015. New systems sales revenues increased by 14 percent ($121.4 million) and recurring revenues rose by seven percent ($157.8 million). Fiscal 2016 operational income increased by 18 percent and the operating margin was up one percentage point (14.3%) compared to 2015. Lectra’s 2016 net income also increased to $28.7 million, which was up $3.5 million from the year before.

Read more at Sourcing Journal.