UGS, the company formerly known as Unigraphics, reports revenues of US$285.0 million in its second quarter, an increase of 27% over a year earlier. On an annualized basis,this makes UGS on par with Dassault Systemes, both of whom who are roughly tied for second place after Autodesk, which claims it'll make $1.5 billion this year.
Part of the revenue growth comes through its acquistion of Tecnomatix. And most of the growth came in its PLM sofware:
PLM software = 74% increase
CAD software = 4% increase
Update
I didn't read far enough, but Roopinder Tara of Tenlinks.com did. He noticed that UGS lost $22 million, an improvement on the $48 million loss a year ago. The losses, according to UGS, are due to the amortization of acquisition fees -- I am guessing the fees collected by the firm that help UGS get independent for a mere $2 billion.
Also blamed on the losses is R&D [research & development] -- huh? I thot a CAD vendor needed R&D like it needs a sales force. Maybe the R&D staff counts as expenditures, but sales staff count as profits.
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