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by Beth Stackpole, Contributing Editor Posted on Thursday, May 11, 2006 4:50:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | PLM vendor marks eleventh consecutive quarter of growth propelled by cPDM products, enterprise deals in first fiscal quarter of 2006. |
Highlighting momentum in the Collaborative Product Data Management (cPDM) and digital manufacturing segments of its business, UGS Corp. marked its eleventh consecutive quarter of revenue growth, reporting results for the first quarter of 2006 that were on par with its performance during 2005. For the quarter ended March 31, the Plano, TX, PLM vendor posted revenues of $273.8 million, an 8% spike from the same period last year, or a 13% increase on a constant currency basis. While EBITDA for the quarter was $48.1 million, a 3% boost from the like 2005 quarter, UGS registered an operating loss of $5.5 million due in part to the impact of acquisition-related intangible amortization costs of $39.3 million. Software revenue maintained its trend of double-digit growth during the quarter, climbing 11% over the first quarter of 2005 to reach $205.2 million (including license and maintenance revenues). Services, on the other hand, remained nearly flat on a year-to-year basis, hitting $68.6 million this quarter compared to $67.8 million in the like 2005 period. UGS executives attributed the slowdown to the increased number of engagements handled by the company's channel partners. They said UGS was still within its goal of keeping service revenues at 25% of total revenues. [Click to continue] |
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