UGS Reports Q1 Revenue

Company's Software Revenue Increases By 11 Percent to US$205.2 Million, or 15 Percent on a Constant Currency Basis

PLANO, Texas, May 11 /PRNewswire/ -- UGS Corp., a leading global provider of product lifecycle management (PLM) software and services, today announced first quarter 2006 results.

    First quarter financial highlights include:
     * Total revenue increased to US$273.8 million, an 8 percent growth over
       the same period a year earlier, or 13 percent growth on a constant
       currency basis.
     * Software revenue increased to US$205.2 million (including license and
       maintenance revenues), or an 11 percent growth as compared to the first
       quarter 2005.  On a constant currency basis the company saw an increase
       of 15 percent.
     * Total revenue and software revenue increased in each geographic region
       compared to the same period in 2005.
     * cPDM revenue increased 29 percent including acquisitions, or 8 percent
       growth without acquisitions, over the same period a year earlier.  On a
       constant currency basis cPDM revenue increased 33 percent with
       acquisitions, or 12 percent without acquisitions.
     * EBITDA (defined below) was US$48.1 million, or 3 percent growth over
       the same period a year earlier.
     * Operating loss was US$5.5 million and includes the impact of
       acquisition-related intangible amortization costs of US$39.3 million.
     * These amounts are not adjusted for the impact of deferred revenues
       written off in connection with acquisitions.  These write-offs had the
       effect of reducing first quarter 2006 revenues by US$0.2 million and
       2005 revenues by US$4.6 million.

"UGS' solid results were led by overall software revenue growth and our relentless focus on customer success which is at the heart of our leadership and vision of enabling global innovation networks," said Tony Affuso, chairman, CEO and president of UGS. "Today, one year after closing the Tecnomatix acquisition, we announce an exciting competitive win at Northrop Grumman that underscores our momentum as the market leader in digital manufacturing."

    Customer Win Announcements
     * Northrop Grumman Ship Systems (NGSS), one of the leading full service
       companies for the design, engineering, construction and lifecycle
       support of major surface ships, standardized on Tecnomatix(TM)
       software, UGS' comprehensive digital manufacturing solution, for all
       ship programs.  NGSS will combine Tecnomatix with UGS' Teamcenter(R)
       software, which provides NGSS the integrated data environment to manage
       all product information and processes related to the program lifecycle.
     * Sandvik Mining and Construction, the world's leading supplier of mining
       equipment, will replace its current product data management solution
       with UGS' Teamcenter portfolio to standardize its PLM program.
     * Peguform, a leading global supplier of interior systems for the
       automotive industry, has expanded its use of UGS' Tecnomatix software.
     * Rohm GmbH, a leading global manufacturer and supplier of customized and
       standard tools for machinery, has expanded its use of Solid Edge(R)
       software, UGS' industry-leading, value-based 3D computer-aided design
       (CAD) system for the mainstream PLM market, for its 3D design platform.
     * Research Designs & Standards Organization (RDSO), Lucknow, Research and
       Design Center of Ministry of Railways, Government of India, has
       selected NX(TM) software, UGS' comprehensive digital product
       development solution for 3D computer-aided-design (CAD), and NX Nastran
       for solving its sophisticated engineering simulation models.

    Partnerships and Consortiums
     * UGS last week announced a multiyear, global strategic alliance with
       Microsoft that will help UGS deliver its full suite of PLM technology
       currently used by more than two million users -- including digital
       lifecycle management -- on the Microsoft(R) platform.  This equips
       manufacturers with the ability to create and manage all their product
       data in an easy to use and secure environment, while allowing global
       team members, customers, partners and vendors to participate in the
       creative process.
     * UGS today announced that India's Tata Consultancy Services (TCS), a
       leading global services organization, joined the UGS Partner Program as
       a UGS System Integration Alliance Partner.  The two companies will work
       to create focused solutions for key vertical markets such as telecom,
       pharmaceutical, chemical, oil and gas and media and entertainment,
       using UGS' PLM technology. The relationship will help UGS enhance its
       market presence, reach new markets and penetrate into TCS' customer
       base with its PLM products while TCS will leverage its global delivery
       capability and industry domain expertise to deliver customer specific
       solutions that provide strong return on investment. This agreement,
       which further strengthens the long-standing relationship between the
       two companies, defines a more closely aligned sales, marketing and
       delivery strategy.
     * Robert Bosch GmbH, the world's largest automotive supplier, has joined
       Caterpillar, DaimlerChrysler, Ford, General Motors, Siemens and several
       other influential organizations to become a Corporate member of the
       JT(TM) Open Program, the rapidly expanding PLM industry initiative that
       is committed to making 3D product data easily accessible to a broad and
       diverse global audience.
     * In March UGS and A.T. Kearney Procurement Solutions, a leading global
       sourcing services firm, launched the Asian Sourcing Network (ASN), a
       groundbreaking initiative designed to enable manufacturers to connect
       companies from low-cost countries to their global innovation networks
       through a first-ever joint solution of information technology, software
       and consulting services.  TCS opened the first ASN center in
       Coimbatore, India.  Powered by UGS software and category-specific
       sourcing best practices from A.T. Kearney, the ASN center offers
       suppliers access to PLM technology for product and process automation
       and enables them register their capability on UGS' technology.  The
       three companies will help Western-based companies find, develop and on
       board suppliers for engineered parts.
     * During the first quarter UGS announced its Lifecycle Simulation
       strategy to provide the PLM industry's first end-to-end integrated
       digital simulation solution, enabling real-time product development
       simulation in a collaborative, visual, managed and open environment.
       The company also opened its Computer Aided Engineering (CAE) Center of
       Excellence that has led to business with companies such as
       Freightliner, General Atomics Aeronautical Systems and Orbital

        UGS  announced  or  received  several  awards  during  the  first  quarter  of  2006.
          *  General  Motors  selected  UGS  as  a  2005  Supplier  of  the  Year  for  its
              overall  business  performance  in  enabling  GM  to  transform  its  process  of
              innovation  by  significantly  reducing  up-front  vehicle  development  time.
          *  Ford  Motor  Company  honored  UGS  with  the  Ford  Q1  Certification  which
              designates  UGS  as  a  preferred  supplier  of  engineering  software  products
              and  services,  and  recognizes  the  company  for  achieving  excellence  in
              four  critical  areas:  capable  systems,  continuous  improvement,  ongoing
              performance  and  customer  satisfaction.
          *  Teamcenter,  UGS'  digital  lifecycle  management  solution,  was  recognized
              in  the  first  quarter  as  the  winner  of  IndustryWeek  magazine's
              Technology  of  the  Year  Award  for  2005.
          *  UGS'  NX(TM)  4  software  was  voted  2005  Product  of  the  Year  by  the
              readers  of  NASA  Tech  Briefs.    NX  4  received  more  votes  from  NASA  Tech
              Brief  readers  than  any  other  nominated  product.
          *  UGS  and  its  products  received  several  awards  from  prominent  Chinese
              media  including  "AI  (Automobile  Industry)  Outstanding  Solutions
              Provider"  and  "Top  100  IT  Provider"  in  the  automobile  industry  for  2005
              by  Automobile  Industry;  "TOP  10  International  IT  Supplier  of  2005"  by
              MIE  of  China;  "Best  PLM  Provider  of  2005"  by  ERP  World;  "Golden
              Software  of  2005"  by  Software  World;  "Recommended  Best  Design  Software
              of  2005"  by  e-Manufacturing,  for  NX  software;  and  "Star  Product  of
              2005"  by  CWEEK  for  Teamcenter  software.
          *  Frost  &  Sullivan,  a  global  growth  consulting  company,  presented  UGS
              with  the  2006  Product  Lifecycle  Management  Solutions  Company  of  the
              Year  Award.

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