CIMdata PLM Industry Summary Online Archive
26 May 2005
Financial News
Agile Reports Fourth Quarter Results for Fiscal 2005- Results in Line With Earlier Guidance
Agile Software Corporation , a provider of product lifecycle management (PLM) solutions, today announced results for the fourth quarter of fiscal 2005, which ended April 30, 2005. Total revenues for the quarter were $32.0 million, an 18% increase from the $27.2 million recorded in the fourth quarter of fiscal 2004. License revenues for the fourth quarter of fiscal 2005 were $12.4 million, compared to $11.1 million for the fourth quarter of fiscal 2004, representing an increase of 12%.
Net loss for the fourth quarter of fiscal 2005, on a GAAP basis, was $4.4 million, or ($0.08) per share, compared to a net loss of $1.7 million, or ($0.03) per share for the fourth quarter of fiscal 2004. Non-GAAP net loss for the fourth quarter of fiscal 2005, which excludes stock compensation, amortization of intangible assets, and acquired in-process research and development, was $1.1 million, or ($0.02) per share, compared to a non-GAAP net loss of $431,000, or ($0.01) per share for the fourth quarter of fiscal 2004, which excludes stock compensation, amortization of intangible assets and loss from foreign currency translation.
Total revenues for the fiscal year ended April 30, 2005 were $117.0 million, compared to $96.3 million for the fiscal year ended April 30, 2004, representing a 21% year-over-year increase.
Net loss for the fiscal year ended April 30, 2005, on a GAAP basis, was $7.2 million, or ($0.14) per share, compared to a net loss of $24.1 million, or ($0.48) per share for the fiscal year ended April 30, 2004. Non-GAAP net income for fiscal year ended April 30, 2005, which excludes stock compensation, amortization of intangible assets, acquired in-process research and development, and restructuring and other charges was $872,000, or $0.01 per share, compared to a non-GAAP net loss of $5 million, or ($0.10) per share for the fiscal year ended April 30, 2004, which excludes stock compensation, acquisition-related compensation, amortization of intangible assets, acquired in-process research and development, restructuring and other charges, and loss from foreign currency translation.
The reconciliation between net loss on a GAAP basis and non-GAAP net income (loss), for both the quarters and fiscal years ended April 30, 2004 and 2005 is provided in a table immediately following the Condensed Consolidated Statements of Operations (unaudited) below.
Management Commentary
"Fiscal 2005 was a record year for revenues and profits, as well as a year where the broad vision of PLM started to be embraced by industry leading companies such as Cisco, Dell, GSK, Flextronics, Symbol Technologies, Tyco Healthcare, and many more," said Bryan Stolle, Agile CEO and chairman. "With the acquisition of Cimmetry Systems, the leading collaborative visualization company, and the release of Agile 9 for global enterprises, Agile e6 for complex, highly-engineered products, and Agile Advantage for the small-to-medium enterprise, Agile has set the stage for meaningful growth in FY2006 across multiple industry segments and product categories within PLM."
"We are pleased with the operational improvements we have made in fiscal 2005, as evidenced by our record revenues, our improved profitability, and the 100 new customers we added over the course of the year," said Jay Fulcher, Agile president and COO. "We now have a solid North American field operation in place that can scale, and we are focused on bringing our international businesses up to the same level. This improved ability to execute, coupled with our successful introduction and adoption of Agile 9, positions us nicely going into our new fiscal year."
Customer Wins and Expansions
During the quarter, the Company added 41 new customers. Of these, more than half went live on the Agile Advantage On-Demand PLM solution. Organizations that purchased new or additional licenses of Agile's PLM solutions include: Applied Materials, BF Goodrich, Broadcom, Conexant, Eastman Kodak, Elcoteq, Emerson Electric, Handtmann, Harley Davidson, IBM, Medtronic, Philips, Nintendo, Siemens, Sverdrup, Symbol Technologies, Tyco Healthcare, Visx and Welch-Allyn.
Awards and Recognition
Agile was added to the "Silicon Valley 150," the San Jose Mercury News' annual ranking of the largest public companies in the Silicon Valley. The "Silicon Valley 150" ranks public companies headquartered in the Silicon Valley on the basis of worldwide revenues for the most recent available four quarters. In addition, Agile was added to the 2004 "Network World 200", Network World Magazine's annual ranking of the largest public network companies in North America. The 2004 "Network World 200" ranks public network companies on the basis of revenue during the four quarters of the 2004 fiscal year. Agile was the only pure-play PLM supplier to merit inclusion in these prestigious lists.
Conference Call Details
Agile will discuss its fourth quarter results and management's forward looking guidance on a conference call today beginning at 2:00 pm Pacific Time. A Webcast of the conference will be available on Agile's Website at www.agile.com under the 'Investor Relations' section. 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 www.agile.com or by calling Agile's Investor Relations at 408-284-4042.
For further details including financial tables, go to http://www.agile.com/
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