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Agile Software Back on Track
excerpted from
Full article is available for a fee.
Randall S. Newton, March 26, 2007
It has been five quarters since CADCAMNet reported financial
results for PLM vendor Agile Software (NASDAQ: AGIL) (see
“Downturn at Agile,” [http://www.newslettersonline.com/user/user.fas/s=63/fp=3/tp=47?T=open_article,908112&P=article&highlight=Agile]
December 1, 2005). In the interim Agile hired a new CEO,
acquired CAD visualization leader Cimmetry Systems, introduced a
major new version of its enterprise PLM product, and weathered a
long and costly stock options back-dating investigation that
caused the company to miss more than one quarterly reporting
deadline. The company is back on track now, with results that
speak of slow and steady progress to come.
Agile this week reported results for the third quarter of
fiscal 2007, which ended January 31, 2007. Total revenues for
the quarter were $33.2 million, up only 1.2% year-over ($32.8
million for Q3, fiscal 2006). License revenues for the quarter
were $11.5 million, down 16.5% from $13.4 million year-over.
Agile is stressing non-GAAP net income for the quarter, at
$488,000 or $0.01 per share, which compares to a non-GAAP net
loss year-over of $122,000 or $0.00 per share. The non-GAAP
results exclude amortization of intangibles, stock compensation
and restructuring charges.
The
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