Product category:
PLM and collaboration software
News Release from: Siemens PLM Software
Edited by the Engineeringtalk Editorial
Team on 20 November 2006
Strategic plan continues at UGS
UGS Corp has announced third quarter 2006 results.
UGS Corp has announced third quarter 2006 results EBITDA was US $69.1 million, or an 8.3% growth over the same period a year earlier
This article was originally published on Engineeringtalk on 22 May 2003 at 8.00am (UK)
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Net income (loss) for the third quarter was US $(7.4) million.
Operating income was US $15.9 million and includes the impact of acquisition-related intangible amortisation costs of US $38.5 million.
Operating income in the same period a year earlier was US $19.3 million and included acquisition-related amortisation costs of US $39.2 million.
Total revenue increased to US $295.5 million, 1.8% growth over the same period a year earlier.
Software revenue increased to US $223.1 million (including license and maintenance revenues), or 1.6% growth as compared with the third quarter 2005.
Revenue amounts are not adjusted for the impact of deferred revenues written off in connection with acquisitions.
These write-offs had the effect of reducing third quarter 2006 revenues by US $0.3 million and 2005 revenues by US $2.2 million.
"We've continued to be successful at working our strategic plan while still focusing on expanding our EBITDA and cash flow, and retooling our sales engine".
"Our continued product excellence and focus on customer success earned us contracts or additional business in the quarter with such companies as Boeing, DaimlerChrysler, Unilever, Visteon, Bosch Siemens, Northrop Grumman Ship Systems, Bayer Healthcare and the Jet Propulsion Lab", said Tony Affuso, Chairman, CEO and President of UGS.
"These contracts reflect the confidence we are receiving across the board from the market, as highlighted most notably by our ranking in the leaders quadrant of the new Gartner Magic Quadrant".
"As always, we continue to focus on customer success, and as a result our retention rate is higher than ever and our maintenance revenue continues to grow solidly".
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