CIMdata PLM Industry Summary Online Archive
21 October 2004
Financial News
Geometric Revenue up 53% year on year, up 10% Quarter on Quarter
Geometric Software Solutions' consolidated total revenue for the quarter ended 30th September 2004 increased by 53% to Rs. 408.43 million as compared to Rs. 267.24 million for the corresponding quarter last year.
Consolidated Operating revenues (Sales) for the quarter ended 30th September 2004 grew by 59%, to Rs. 398.66 million as compared to Rs. 250.79 million for the same quarter last year.
On a sequential quarter on quarter basis, operating revenues (Sales) grew by 14% to Rs. 398.66 million for the current quarter as compared to Rs. 349.28 million for the preceding quarter.
Consolidated PBT for the quarter ended 30th September 2004 increased by 35% to Rs. 90.37 million as compared to Rs. 66.71 million for the corresponding quarter last year.
Consolidated net profit for the quarter ended 30th September 2004 increased by 19% to Rs. 63.25 million as compared to Rs. 53.07 million for the corresponding quarter last year.
Tax Holiday under section 10 A has ceased to exist for some projects in FY05, resulting in increase in tax outgo as compared to FY04.
Manu Parpia, Managing Director, Geometric said, "I am pleased to report that we see steady momentum in our business. This quarter we have concentrated on scaling up our internal processes to meet the growing business demands."
Highlights for the quarter include:
• Launch of eDrawings for Unigraphics 17,18 & NX®, CATIA® V5 & Autodesk Inventor series. The successful extension of eDrawings software to all major CAD platforms establishes Geometric as a leader in the 3D collaboration & light-viewing market
• Awarded second patent for flagship technology, Feature Recognition-'Fillet (Blend) Recognition' algorithms
• eDrawings for Pro/ENGINEER received with an enthusiastic response by the user community at major international trade shows
• Participating with a leading OEM in customer audits and formalization of their migration strategy.
• Initiated the offshore execution of projects for a leading Electronic Equipment manufacturer
• Entered into partnership with a Premier Electronic Automation company in India & a major Engineering Design firm in Germany
• Entered into a partnership and initiated product development for 3 OEMs based in the US & Europe.
• Pilot projects commenced for a Premier Tyre & Rubber company in the US & Europe.
• Received an order for licensing Geomdiff Library to a US based software OEM to enhance their product functionality.
Highlights of the Results (Consolidated):
1. Comparison with Q2 of FY' 04
• Operating revenues (Sales) grew by 59%, to Rs. 398.66 million for the current quarter as compared to Rs. 250.79 million for the same quarter last year.
• Operating profit (PBT but excluding other income) increased by 60%, Rs. 80.60 million for the quarter ended 30th September 2004 as compared to Rs. 50.26 million for the corresponding quarter last year.
2. Sequential comparison with preceding quarter (Q1 of FY' 05)
• Operating revenues (Sales) grew by 14%, to Rs. 398.66 million for the current quarter as compared to Rs. 349.28 million for the preceding quarter.
• Operating profit (PBT but excluding other income) increased by 54%, Rs. 80.60 million for the current quarter as compared to Rs. 52.31 for the preceding quarter.
• Contribution of business partners/ industrial customers to sales continued to be over 30%.
Geometric Software Solutions is a CMMI Level 5 company and the PLM services provider with over 20 years of experience in CAD/CAM/CAE, PDM and MPM. Providing PLM services through its global network of partners viz Dassault Systemes, UGS, MatrixOne, IBM amongst others, Geometric focuses on delivering customer success by leveraging mutual strengths in local markets worldwide. Geometric offers services based on CATIAT, ENOVIAT,DELMIAT, eMatrixT, Teamcenter Enterprise (Metaphase) T, WindchillT and other leading CAD/CAM/CAE/PDM software platforms. Geometric employs over 800 software professionals and has business development headquarters in Merrimack, NH, USA and sales offices in Germany, Singapore and Japan.
Become a member of the CIMdata PLM Community to receive your daily PLM news and much more.
Tell us what you think of the CIMdata Newsletter. Send your feedback.
CIMdata is committed to your privacy. Your personal information will never be sold or shared outside of CIMdata without your express permission.