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Nov 20, 2009

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Balder Verberne

Hi, this is normal procedure. Annual reports for 2008 are published in the beginning of the following year (2009), so the 2009 list, which is published in the summer of 2009 can only be based on 2008, never on 2009.
As soon as the 2009 annual reports are published, the 2010 edition is compiled and published (July 2010).
In the specific case of UGS/Siemens, Siemens acquired UGS, but Siemens does not publish software revenues seperately, hence an estimate had to be made (in this case a flat one).
I hope this clarifies the issue at hand, if any questions, please let me know.

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