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by Beth Stackpole, Contributing Editor Posted on Tuesday, August 15, 2006 5:51:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | UGS reports second quarter financial results of $296.7 million in revenue, driven by demand by mid-tier companies. This was below previous quarter revenue. Pre-tax profits of $69.2 million came in 80% above the year ago period. |
| Keywords: | UGS financial results 2006 second quarter |
UGS Corp. logged its twelfth consecutive period of year-over-year growth in the recently closed second quarter, but comparatively, its performance lagged the prior period's results and was less robust than what several of its key product lifecycle management (PLM) competitors enjoyed during the same period. For the quarter ended June 30, 2006, UGS (Plano, TX) posted $296.7 million in total revenue, a 4% rise from the year-earlier period. Software revenue (including license and maintenance sales) was the primary growth driver, increasing 5% to $221.2 million compared with the corresponding quarter of 2005. Like it has been for many of its PLM competitors, UGS's revenue from cPDM software was a particular bright spot. For the quarter, cPDM software revenue (representing sales of Teamcenter software and not including digital manufacturing applications) jumped 18% over the same period in 2005. [Click to continue] |
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