CIMdata PLM Industry Summary Online Archive

19 August 2004

Financial News

Agile Reports First Quarter Results for Fiscal 2005

Agile Software Corporation announced results for the first quarter of fiscal 2005, which ended July 31, 2004. Total revenues for the quarter were $26.5 million, a 45% increase from the $18.3 million recorded in the first quarter of fiscal 2004. License revenues for the first quarter of fiscal 2005 were $10.3 million, compared to $7.4 million for the first quarter of fiscal 2004, representing a 40% increase.

Net loss for the first quarter of fiscal 2005, on a GAAP basis, was $3.0 million, or ($0.06) per share, compared to $2.7 million, or ($0.05) per share for the first quarter of fiscal 2004.

Non-GAAP net income for the first quarter of fiscal 2005, (which excludes restructuring and other charges, amortization of intangibles and stock compensation) was $300,000, or $0.01 per share, compared to a non-GAAP net loss (which excludes stock compensation) of $2.0 million, or ($0.04) per share for the first quarter of fiscal 2004.

Management Commentary

"We have focused on maintaining a balance between investing in what many industry watchers believe to be the most exciting and significant new growth opportunity in enterprise software, product lifecycle management, and driving toward sustained profitability-a prerequisite for any market leader," said Bryan Stolle, Agile chairman and CEO. "Profitability is an important milestone, but we are even more encouraged that we have successfully developed a much broader and deeper suite of PLM products, and delivered these products into a number of new and existing vertical markets across the globe. There is little doubt that PLM is becoming a top-of-mind strategic priority for executives in many industries. We are seeing a complete re-thinking of 'how products happen' in many leading companies, and PLM is at the top of their lists as they drive forward on transforming their businesses to bring high- quality and more profitable products to market."

"While we continue to expand our customer base in several key industries, recent orders with leading companies such as Apple, Benchmark Electronics, Hitachi, and Kyocera, to name only a few, reinforce Agile's position as the clear PLM leader in electronics and high technology. New products such as Agile Product Governance and Compliance, Agile Product Cost Management and Agile Product Service and Improvement are expanding the Agile PLM value proposition, and help explain why many regard Agile as the de facto PLM standard for electronics and high technology companies," said Jay Fulcher, Agile president and COO. "Additionally, recent wins at Peoplesoft and Veritas support our belief that software companies, and software as a component of many products, represents a new area of opportunity for Agile."

Customer Wins and Expansions

During the quarter, the Company added 22 new customers. Organizations that purchased new or additional licenses of Agile's PLM solutions include: Apple, Arrow, Abbott Laboratories, Applied Materials, Benchmark Electronics, Braun, Christie Digital, Cipher Systems, Colubris, Crane Aerospace, Dolby, Drager Medical, Flextronics, Funai, Goodrich, GN Resound, Gyrus Medical, Handtmann, Kronos, Kyocera, LipoSonix, LSI Storage, Matsushita, Medtronic, Microsoft, NEC, nVidia, Panasonic, Peoplesoft, Playtex, Powerwave, Rheinmetall, Sharp, TRW, Tyco, Universal Avionics, Verint and Veritas Software.

Conference Call Details

Agile will discuss its first quarter results and management's forward looking guidance on a conference call today beginning at 2:00pm Pacific Time. You may access replays of the Webcast for ninety days after the call at http://www.agile.com/investors . Financial and statistical information to be discussed in the call will be available on the company's Website immediately prior to commencement of the call. Additional investor information can be accessed at http://www.agile.com or by calling Agile's Investor Relations at 408-284-4042.

 

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