UGS posted its final earnings report of the current era today, before
becoming part of Siemens Automation and Drives later this year. Total
revenue for the year was $1.2 billion, an increase of 6%. Of that, $379
million was in license revenue, also up 6% when compared to 2005 and up
12% for the 4th Quarter. $541 million was in maintenance revenue, and
$298 million was in services.
Of the “Big Four” MCAD companies (Autodesk, PTC, UGS, Dassault
Systèmes), only UGS is posting single-digit sales and revenue growth,
although when you compare organic growth between the 5 companies,
increases in revenue are much more comparable. This was the 14th
consecutive quarter of year-over-year revenue growth.
UGS says license revenue grew in all product categories during the
fourth quarter. Collaborative Product Development Management (cPDM)
license revenue increased 22%, digital manufacturing revenue increased
28%, and UGS Velocity Series portfolio license revenue increased 30%.
UGS reported CAx license revenue increased 2% over Q4 2005.
For the fourth quarter, UGS posted a GAAP net profit of $22 .6
million, up a nice 76% year-over. For the year, UGS posted a GAAP net
loss of $10.3 million, a 3% greater loss than in 2005 ($10.0 million).
UGS cash flow was virtually unchanged between 2005 ($137 million) and
2006 ($135 million). UGS was saddled with paying off a loan entered into
by the venture capital ownership, a bill that is being paid in full with
the Siemens acquisition.
The
full article is available for a fee at CADCAMNet.
