Product category:
PLM and collaboration software
News Release from: Siemens PLM Software
Edited by the Engineeringtalk Editorial
Team on 17 May 2005
UGS prospers in high-growth segment
UGS Corp has announced financial results for the first quarter ended 31st March 2005.
UGS Corp has announced financial results for the first quarter ended 31st March 2005 The company signed 22 enterprise contracts, driving 38.4% total revenue growth in cPDM and enabling UGS to expand its market share lead in this high-growth segment of the PLM industry
This article was originally published on Engineeringtalk on 22 May 2003 at 8.00am (UK)
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First quarter financial highlights include total revenue increased to US $252.6 million, or 8% growth over the same period a year earlier.
The company saw an increase in total revenue in each geographic segment compared with the same period in 2004.
Adjusted operating income, excluding amortisation related to purchase accounting, was US $46.6 million.
Reported operating income was US $13.8 million and includes the impact of amortisation related to purchase accounting of US $32.8 million.
In the same period a year prior, adjusted operating income was US $44.5 million excluding amortisation related to purchase accounting of US $7.6 million, which when included resulted in reported operating income of US $36.9 million.
Adjusted EBITDA was US $56.9 million, which includes US $3.4 million of expense over the same period a year earlier for staffing infrastructure and marketing initiatives necessary for operation as an independent company.
"We continue to see growth in the number of enterprise contracts as well as the number of nontraditional market contracts, which we believe reflects the growing visibility of PLM as a mission-critical enterprise strategy as well as the business value, open technology solutions and global scalability that only UGS can provide", said Tony Affuso, Chairman, CEO and President of UGS.
"UGS continues to gain steam as an independent company particularly in the cPDM space, where both we and a growing chorus of analysts believe the battle for PLM leadership will be won".
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