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Agile Returns to Profitability in Fiscal Q4

Posted on Friday, May 26, 2006 4:00:00 PM       Sign Up to receive Daily News Alerts in your E-mail Inbox                            Digg This Article   Add to Delicious

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    Agile Software Corp. closed the books on fiscal 2006 with a return to profitability in the fourth quarter and signs of growth across each of the major revenue components of its product lifecycle management (PLM) software business.

    For the quarter ended April 30, Agile's net income on a GAAP (Generally Accepted Accounting Principles) basis was $3.7 million (or six cents a share), compared to a $4.4 million loss posted in the like period last year. Agile's $34 million in fourth-quarter revenue represented a 6% increase over the corresponding period in fiscal 2005.

    "We were pleased with our strong fourth-quarter results, including a four-year high license revenue and record profit," said Jay Fulcher, Agile's CEO and president, during a conference call with financial analysts. Fulcher assumed the operational reins of the San Jose, CA, company from former CEO Bryan Stolle on May 1. Stolle remains as chairman.

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