plm buoyed by 11th consecutive quarter profit from UGS

Sydney, Australia, 17 May 2006 - Product lifecycle management (PLM) specialist plm has received a boost to its already fast growing presence in Australia New Zealand by news that global provider of PLM software and services, UGS, announced its 11th consecutive quarter profit.

As regional representative of UGS software products, plm says the positive growth of the USA-based UGS across the world means that its own customers in Australia New Zealand are consistently assured of cutting-edge software developments for their own businesses.

And as proof of the technical level of plm in this region, several key technical personnel from the Melbourne head office played a significant role in securing a global contract for UGS with Nissan in Japan, which chose the NX CAD program for its PLM platform.

UGS' software revenue increased by 11 percent to US$205.2 million, or 15 percent on a constant currency basis for the first quarter of this calendar year. 

First quarter financial highlights for UGS include: 

Total revenue increased to US$273.8 million, an 8 percent growth over the same period a year earlier, or 13 percent growth on a constant currency basis. 

Software revenue increased to US$205.2 million (including license and maintenance revenues), or an 11 percent growth as compared to the first quarter 2005. On a constant currency basis the company saw an increase of 15 percent. 

Total revenue and software revenue increased in each geographic region compared to the same period in 2005. 

cPDM revenue increased 29 percent including acquisitions, or 8 percent growth without acquisitions, over the same period a year earlier. On a constant currency basis cPDM revenue increased 33 percent with acquisitions, or 12 percent without acquisitions. 

Operating loss was US$5.5 million and includes the impact of acquisition-related intangible amortization costs of US$39.3 million. 

These amounts are not adjusted for the impact of deferred revenues written off in connection with acquisitions. These write-offs had the effect of reducing first quarter 2006 revenues by US$0.2 million and 2005 revenues by US$4.6 million. 

Customer wins include:

Northrop Grumman Ship Systems (NGSS), one of the leading full service companies for the design, engineering, construction and lifecycle support of major surface ships, standardized on Tecnomatix� software. 

Sandvik Mining and Construction, the world's leading supplier of mining equipment, will replace its current product data management solution with UGS' Teamcenter portfolio to standardize its PLM program. 

Peguform, a leading global supplier of interior systems for the automotive industry, has expanded its use of UGS' Tecnomatix software. 

R�hm GmbH, a leading global manufacturer and supplier of customized and standard tools for machinery, has expanded its use of Solid Edge� software, UGS' industry-leading, value-based 3D computer-aided design (CAD) system for the mainstream PLM market, for its 3D design platform. 

Research Designs & Standards Organization (RDSO), Lucknow, Research and Design Center of Ministry of Railways, Government of India, has selected NX� software, UGS' comprehensive digital product development solution for 3D computer-aided-design (CAD), and NX Nastran for solving its sophisticated engineering simulation models.

www.plma.com.au

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