Přejít k obsahu

23 July 2004

UGS Reports 2nd Quarter Revenue of US$236.2 Million or 11 Percent Growth

FOR RELEASE Friday, July 23, 2004

PLANO, Texas– UGS, a leading global provider of product lifecycle management (PLM) software and services, today announced financial results for the second quarter ended June 30, 2004.

Financial highlights from the second quarter include:

  • Revenue of US$236.2 million, or 11 percent growth over the same period a year earlier.
  • The fourth consecutive quarter of strong revenue growth over the same period a year earlier. 
  • EBITDA of US$52.4 million, or 22 percent growth over the same period a year earlier.
  • Operating income of US$29.3 million, or 16 percent growth over the same period a year earlier, excluding the effects of purchase accounting relating to the UGS acquisition.  The acquisition had the effect of increases in amortization costs by US$4.0 million and in depreciation by US$0.6 million, and an in-process research and development charge of US$43.7 million.

“UGS continues to provide strong value to our world-class client base, which is enabling us to excel by exceeding market growth rates in a growing market,” said Tony Affuso, chairman, CEO and president of UGS.  “In the second quarter, we continued to leverage our strategy and leadership position in the PLM market globally by winning key contracts, developing and introducing new products, further integrating our product line and driving major initiatives to fruition.  We’re off to a strong start in our new world.”

In addition, for the last six months ending June 30, 2004, UGS reported revenue of US$470.9 million, or 13 percent growth as compared to the same period a year earlier; and EBITDA of US$109.3 million, or 18 percent growth as compared to the same period a year earlier.

The company said its performance reflects continuing strong demand for its software, including Teamcenter® digital product data management and collaboration software and NX knowledge-driven digital product development software.

Landmark Quarter

UGS announced on May 27 the closing of its acquisition by a group of private equity firms, Bain Capital, Silver Lake Partners and Warburg Pincus.  The firms acquired UGS from EDS for US$2.05 billion in cash.  The transaction represents the largest private equity investment ever made in a technology company.

Among other business highlights from the second quarter, UGS:

  • Signed 20 contracts valued at greater than US$1 million each.
  • Announced contracts with clients in industries ranging from automotive (Renault and Shenyang Brilliance Jinbei Automobile Co.,Ltd); to transportation (Doppelmayr/Garaventa Group, the leading global manufacturer of surface and aerial ropeway transportation systems such as ski-lifts and cable cars); to high-tech electronics (Sanyo Electric Co., Ltd, Japan’s leading home appliance company); to consumer packaged goods (Crown UCP, manufacturers of packaging products to the consumer marketing industry).
  • Completed the acquisition of D-Cubed, a Cambridge, England-based supplier of embedded component software technology used by many of the world’s leading computer-aided design, manufacturing and engineering analysis (CAD/CAM/CAE) application developers.
  • Introduced new products including Teamcenter Requirements Engineering, the first PLM software to integrate requirements/systems engineering capabilities with enterprise-wide lifecycle information and process management; and Teamcenter In-Service, a new solution extending the value of PLM to maintenance, repair and overhaul (MRO) organizations.
  • Announced key product enhancements, including new versions of E-factory digital manufacturing software (Version 4.1 of Jack and Versions 9.0 of Factory CAD and Factory Flow); Solid Edge® digital product design software (Version 16); NX (Ideas® 11 NX Series); and Teamcenter (Version 4 of Teamcenter Aerospace & Defense); as well as the first availability of a Mac-based version of Parasolid®, the world’s leading 3D geometric modeling component software.
  • Launched the UGS Partner Program, a completely redesigned partnership program uniting the company’s more than 300 business partners worldwide under a common, integrated structure.
  • Added four new corporate members – automakers DaimlerChrysler and Renault, auto supplier Visteon and heavy equipment manufacturer Caterpillar – to the JT Open initiative.  Launched in November 2003, JT Open unites global manufacturers and PLM industry leaders behind UGS-developed JT, a common data format for visual collaboration and interoperability.
  • Witnessed record attendance by UGS client companies and users at the annual PLM World conference, held in May in Anaheim, Calif.

“The second quarter was a landmark quarter for UGS in several ways, most notably with our launch as an independent software business in partnership with our new sponsors, and one of significant strategic achievement across the board,” Affuso said.  “We are extremely enthusiastic about our prospects for continued long-term growth as more leading organizations realize the value of PLM as a true enterprise strategy.”

UGSuniquely provides best-in-class client value by delivering the world’s leading PLM software and services solutions that promote standardization and openness and enable enterprises to work faster and be more agile by transforming their process of innovation throughout the entire product lifecycle. UGS provides these software and services solutions in the areas of digital product data management and collaboration; digital product development; digital product design; and digital manufacturing.

The global market for PLM software and services is expected to grow by a compound annual growth rate of 8 percent through 2007 to more than US$9.2 billion, according to Daratech.  Through 2007, Daratech expects the product data management and collaboration segment of the PLM market, which UGS leads on the strength of its Teamcenter portfolio, to grow 16 percent, compounded annually.

About UGS

UGS is a leading global provider of product lifecycle management (PLM) software and services with more than 3 million licensed seats and 42,000 clients worldwide.  Headquartered in Plano, Texas, the company promotes openness and standardization and works collaboratively with its clients in creating enterprise solutions enabling them to transform their process of innovation and thus begin to capture the value of PLM. 

Note:  UGS, Ideas, Parasolid, Solid Edge and Teamcenter are trademarks or registered trademarks of UGS Corp. or its subsidiaries in the United States and in other countries.  All other trademarks, registered trademarks or service marks belong to their respective holders.

 

The statements in this news release that are not historical statements, including statements regarding the amount of new contract values, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond UGS’ control, which could cause actual results to differ materially from such statements. The company has included a discussion of pertinent risk factors in the final offering memorandum relating to our 10% Senior Subordinated Notes, a copy of which is available from the company. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 

Conference Call:
UGS will broadcast a conference call on its second quarter 2004 earnings with securities analysts live on the Internet at 10:00 a.m. Central Daylight Time, Monday, July 26.   A ccess the call and view related financial information.

 

Participation will be listen-only mode.

You will need Windows MediaPlayer or Real Player to listen to the call.  If you are unable to listen during the live Webcast, the call will be archived for 30 days at https://www.mymeetings.com/nc/join.php?i=PH5538886&p=UGS&t=r.

Primární kontakt

John Clendening
972-987-3358
clendeni@ugs.com

Doug Barnett
972 987 3352
barnettd@ugs.com