CIMdata PLM Industry Summary Online Archive

24 February 2005

Financial News

Agile Reports Record Results for Third Fiscal Quarter

Agile Software Corporation announced results for the third quarter of fiscal 2005, which ended January 31, 2005. Total revenues for the quarter set a new record at $30.3 million, compared to $26.2 million for the third quarter of fiscal 2004. License revenues for the third quarter of fiscal 2005 were $12.5 million, a 31% increase from the $9.5 million achieved in the third quarter of fiscal 2004.

Net income for the third quarter of fiscal 2005, on a generally accepted accounting principles (GAAP) basis, was $290,000, or $0.01 per share, compared to a net loss of $4.0 million or ($0.08) per share for the third quarter of fiscal 2004.

Non-GAAP net income for the third quarter of fiscal 2005 (which excludes amortization of intangibles and stock compensation) was $984,000 or $0.02 per share. Non-GAAP net loss for the third quarter of fiscal 2004 (which excludes stock compensation, acquisition-related compensation, amortization of intangibles and loss from foreign currency translation) was $972,000, or ($0.02) per share. Reconciliation between our net income (loss) on a GAAP and non-GAAP basis is provided in a table immediately following the Condensed Consolidated Statements of Operations below.

Management Commentary

"We are seeing a marked increase in the number of multi-million dollar, multi-phase PLM projects, driven by an executive focus on growing the top-line, while keeping costs in check," said Bryan D. Stolle, Agile CEO and Chairman. "Many new and existing customers are deploying multiple products from the Agile PLM suite broadly across their enterprises and their supply chains. With the Cimmetry acquisition, we now offer our 10,000 plus customers an even broader set of PLM solutions to drive collaboration from product inception through end-of-life."

"Agile continued its strong performance in the third quarter as evidenced by our record revenues and profitability," said Jay Fulcher, Agile President & COO. "We are excited by the market's broad acknowledgment of PLM as an important business imperative, and are particularly pleased with the mix between existing customers expanding their Agile implementations and customers that are choosing Agile for the first time."

Customer Wins and Expansions

During the quarter, the Company added 19 new customers. Organizations that purchased new or additional licenses of Agile's PLM solutions include: Adaptix, Ball Aerospace, Braun, Clearcube, Dell, Drager Medical, Epicor, Ferag AG, Finisar, Funai, General Dynamics, Heidenhain, Intuitive Surgical, Juniper, LipoSonix, Logitech, LSI, Marconi, Medtronic, NAACO, Netgear, Network Equipment, Philips, Playtex, Quanta Computer, QR Sciences, Rheinmetall, Sharp, SonoSite, Starsys, Thyssen Krupp, TRW, Twin Star Systems and Welch Allyn.

Cimmetry Acquisition

As previously announced, Agile completed the acquisition of Cimmetry Systems in the beginning of February. Cimmetry Systems is a leading provider of collaborative visualization solutions including AutoVueT, with well over 9,500 customers worldwide across several industries including manufacturing, electronics, architectural/engineering/construction (AEC) and industrial markets. Specifically focused on enabling the use of 2D and 3D mechanical CAD (MCAD) and electronic design automation (EDA/ECAD) information across the extended enterprise, Cimmetry solutions support over 450 native formats.

Awards

Five Agile customers were selected as finalists for Managing Automation's Progressive Manufacturing Awards. These customers include Hitachi Global Storage Technologies, Lucent Technologies, Network Equipment Technologies, Sanmina SCI and ViaSat. These companies were selected because of their use of various Agile PLM solutions to enhance their business practices.

Oracle Magazine recognized Agile software engineer Venkat Tipparam as Oracle's Java Developer of the Year. Featured in the November/December issue of Oracle Magazine as part of its Editors' Choice Awards 2004, Tipparam was recognized for his use of Web services for integration projects and his status as an advanced user in the EMEA region.

Conference Call Details

Agile will discuss its third quarter results and management's forward looking guidance on a conference call today beginning at 2:00 p.m. Pacific Time. You may access replays of the Web cast 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 Web site 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 408-284-4011.

 

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