CIMdata PLM Industry Summary Online Archive
17 November 2004
Financial News
Agile Reports Second Quarter Fiscal 2005 Results
Agile Software Corporation announced results for the second quarter of fiscal 2005, which ended October 31, 2004. Total revenues for the quarter were $28.2 million, compared to $24.7 million for the second quarter of fiscal 2004. License revenues for the second quarter of fiscal 2005 were $11.2 million, compared to $8.2 million for the second quarter of fiscal 2004.
Net loss for the second quarter of fiscal 2005, on a generally accepted accounting principles (GAAP) basis, was $92,000, or ($0.00) per share, compared to $15.7 million, or ($0.31) per share for the second quarter of fiscal 2004.
Non-GAAP net income for the second quarter of fiscal 2005 (which excludes amortization of intangibles and stock compensation) was $672,000 or $0.01 per share. Non-GAAP net loss for the second quarter of fiscal 2004 (which excludes restructuring and other charges, stock compensation, amortization of intangibles, acquisition-related compensation and acquired in-process research and development) was $1.5 million, or ($0.03) per share. Reconciliation between our net loss/income on a GAAP and non-GAAP basis is provided in a table immediately following the non-GAAP Condensed Consolidated Statements of Operations below.
Management Commentary
"We are continuing to see strong indications that PLM has become a strategic imperative. We have accepted orders for a number of broad-based PLM initiatives from customers across a range of industries. There is little doubt in our minds that executives are paying much more attention to 'how products happen' in their companies," said Bryan Stolle, Agile CEO. "At the same time, the overall environment for enterprise software remains difficult. Despite the increased demand, pricing remains tough as buyers that have become accustomed to significant software and consulting discounts try to balance their desire to rapidly drive PLM deployments with low risk partners like Agile against their desire for the deepest discount. We are pleased that in this environment, we were able to double our quarter-over-quarter profits (on a non-GAAP basis), despite continued G&A expenditures that were made in order to comply with the Sarbanes-Oxley Act."
"We are very pleased with our continued operational improvement that has resulted in sequential and year-over-year revenue and margin increases," said Jay Fulcher, Agile president and COO. "We see broader adoption of both our new and existing products by customers across several of the key vertical markets we serve including electronics and high technology, life sciences, consumer packaged goods and industrial products."
Customer
Wins and Expansions
During the quarter, the Company added 18 new customers. Organizations
that purchased new or additional licenses of Agile's PLM solutions include:
Albertson's, Inc., BAE, Bayer, Braun, Brocade, Coherent, Ditech, Ethicon,
Ferag, Fujitsu, Funai, GN Netcom, Handtmann, Harris, Intier, Johnson and
Johnson, Juniper, McAfee, Medtronic, Micron, Netgear, Philips, Playtex,
Powerwave, Qualcomm, Proxim, RheinMetall, Siemens, Sharp, Shure, Sverdrup,
Tellabs, Texas Instruments, Thermo Electron, Thyssen Krupp, Tyco Healthcare,
Varian, Veritas Software and WhereNet.
Awards
Agile was named to Software Magazine's 22nd Annual Software 500, a list
of the world's foremost software and services providers. The Software
500 is a revenue-based ranking of the world's largest software and services
suppliers targeting enterprise IT organizations.
The Educational Society for Resource Management (APICS) recognized Agile and Lucent Technologies for Technology Partnership excellence. The APICS Technology Partnership Award recognizes a collaborative effort between a technical provider and a corporate customer, where the combined efforts increase a company's success.
Agile received Frost & Sullivan's 2004 Market Leadership Award. Frost & Sullivan's research shows that Agile holds the highest share of PLM software sales in the U.S. life sciences industry.
For further details and financial charts got to: http://www.agile.com
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