Product category:
PLM and collaboration software
News Release from: Siemens PLM Software
Edited by the Engineeringtalk Editorial
Team on 14 February 2006
Wide spread sees UGS revenues grow 18%
UGS sees total revenue for 2005 increase to $1.15 billion, or 18% growth over the same period a year earlier, as the company increases total revenue in each geographic region.
UGS has announced full year 2005 and fourth quarter 2005 results Financial highlights from the full year 2005 include total revenue increased to $1.15 billion, or 18% growth over the same period a year earlier, as the company saw an increase in total revenue in each geographic region compared with the combined revenues of 1st January to 26th May 2004 (predecessor) and 27th May to 31st December 2004 (successor)
Software revenue growth, which includes licence and maintenance revenues, increased 21% over the same period a year earlier.
Collaborative product development management (CPDM) revenue increased 58% including acquisitions, or 37% without acquisitions, over the same period a year earlier.
Operating income increased to $83.5 million, or a 166% increase over the same period a year earlier, and includes the impact of acquisition-related intangible amortisation costs of $150.8 million.
EBITDA was $241.5 million, or a 37% increase over the same period a year earlier.
The acquisition of Tecnomatix Technologies closed on 1st April 1 2005 and added $68.4 million in overall revenue and $52.2 million in software revenue, including licence and maintenance revenues.
Fourth quarter financial highlights include total revenue increased to $326.7 million, or 15% growth over the same period a year earlier.
The company's fourth quarter revenue included $248.8 million in software revenue including licence and maintenance revenues, or a 20% increase compared with the fourth quarter 2004.
The company saw an increase in total revenue in each geographic region compared with the same period in 2004.
Operating income was $47.1 million, a 93% increase as compared with the fourth quarter 2004, and includes the impact of acquisition-related intangible amortisation costs of $39.2 million.
EBITDA was $92.6 million, or 22% growth over the same period a year earlier.
CPDM revenue increased 47% including acquisitions, or 23% without acquisitions, over the same period a year earlier.
In the amounts presented above, the company has not made adjustments for the impact of deferred revenues written off in connection with the acquisition of the company and acquisitions by the company.
These write-offs had the effect of reducing full year 2005 revenues by $11.3 million and 2004 revenues by $40.9 million, and reducing fourth quarter 2005 revenues by $1.1 million and 2004 revenues by $14.0 million.
"Today we celebrate our continued momentum and our first full calendar year as an independent company," said Tony Affuso, Chairman, CEO and President of UGS.
"In 2005, we claimed the number one spot in digital manufacturing and solidified our CPDM leadership".
"With our victory at Nissan, a hotly contested multi-year battle, we underscored our superior Cax technology and relentless focus on customer satisfaction".
"In 2005, we also highlighted the mission-critical nature of global innovation networks through our new corporate vision, and launched our game-changing initiative bringing PLM to the mid-market".
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