SEGMENT INFORMATION

3 Months Ended

Jan. 31, 2024

SEGMENT INFORMATION

SEGMENT INFORMATION

9.    SEGMENT INFORMATION

We operate in a single segment: industrial automation equipment.  We design, manufacture, and sell computerized (i.e., CNC) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry through a worldwide sales, service and distribution network.  Although most of our computer control systems and software products are proprietary, they predominantly use industry standard personal computer components. Our computer control systems and software products are primarily sold as integral components of our computerized machine tool products.  We also provide machine tool components, automation integration equipment and solutions for job shops, software options, control upgrades, accessories and replacement parts for our products, as well as customer service, training, and applications support.

The following table sets forth sales and service fees by product group and services for the first fiscal quarter ended January 31, 2024 and 2023 (dollars in thousands):

	Three months ended January 31,
	2024		2023
Computerized Machine Tools	$	35,772	$	45,417
Computer Control Systems and Software †		583		524
Service Parts		6,643		6,691
Service Fees		2,061		2,050
Total	$	45,059	$	54,682

^† Amounts shown do not include computer control systems and software sold as an integrated component of computerized machine tools.