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News
23 Jul 2004UGS Reports 2nd Quarter Revenue of US$236.2 Million or 11 Percent GrowthPLANO, Texas – UGS, a leading global provider of product lifecycle management (PLM) software and services, today announced financial results for the second quarter ended June 30, 2004.
Financial highlights from the second quarter include:
Revenue of US$236.2 million, or 11 percent growth over the same period a year earlier.
The fourth consecutive quarter of strong revenue growth over the same period a year earlier.
EBITDA of US$52.4 million, or 22 percent growth over the same period a year earlier.
Operating income of US$29.3 million, or 16 percent growth over the same period a year earlier, excluding the effects of purchase accounting relating to the UGS acquisition. The acquisition had the effect of increases in amortization costs by US$4.0 million and in depreciation by US$0.6 million, and an in-process research and development charge of US$43.7 million.
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