Autodesk president and CEO Carl Bass said, "Autodesk had an excellent quarter. We drove strong growth across our portfolio of businesses including record results on a number of our most important financial metrics. We continued the rapid integration of Alias into Autodesk, and in March, we launched our 2007 family of products, including more than 25 new releases."
On May 4, 2006 Dassault Systèmes reported its financial results for the first quarter the period ended March 31, 2006. Total revenue for the quarter was 252 million euros (after including a €3.9M write down in deferred revenue), an increase of 28.5% from the same quarter a year earlier and a decrease of 18.3% form the seasonally strong fourth quarter of 2005. The 252 million euros was at the high end of the revenue guidance given a quarter ago.
Americas accounted for 30% of total revenue, Europe 44% and Asia 26%. Year- over-year the Americas was up 39% (28% in constant currency), Europe 21% and Asia 32%.
During the quarter 7,673 seats of CATIA were sold at an ASP of €12,840. At the same time 8,609 seats of SolidWorks were sold at an ASP €5,165 (up 12%).
On March 8, 2006 ESI Group reported its results for the last quarter and full year ending January 31, 2006. Total revenue in the last quarter was €24.7 million, a 144% increase from the €21.7 million a year earlier and a doubling of the €12 million in the just prior quarter. In US dollars, total revenue for the last quarter was nearly $30 million, up 4.3% year-over-year and up 105% sequentially.
For the entire fiscal year, license revenue was €62 million, a 6.6% increase from the €58 million the previous year. Net income for the year was €4 million, a 21% increase form the €3.4 million for the previous year. License revenue for the year was €48.5 million, accounting for 78% of total revenue. This was a 7.3% increase from the prior year.
The renewal rate of license sales, which is a major indicator of ESI Group's activity, was up a percentage point, to 88% from 87% in fiscal 2004. Service business confirmed in fiscal Q4 the turnaround trend noted the previous quarter, showing a growth of +4.3% over the year (+3.9% at constant exchange rates). France saw high growth (+23%) for this activity, in particular in the energy sector.
In February 2006 ESI Group announced the acquisition of IPS International's service branch (South Korea), with the integration of an experienced team of 14 specialist engineers and doctors. In April, ESI Group announced the acquisition of ATE Technology International activities (China), with the integration of a team of 32 thigh-level engineers and specialists.
Alain de Rouvray, ESI Group's Chairman and CEO, states, "These very satisfactory results show our capacity to continue recording buoyant organic growth whilst improving our profitability. They validate the actions we have implemented, firstly the organisation via Centres of Excellence close to strategic clients for innovative and technological products; secondly an increase in our presence in India and China, for an acceleration in our software development, and in order to seize new deployment opportunities for our integrated solutions".
On May 4, 2006 Moldflow Corporation reported the financial results for its third quarter of fiscal 2006, the period ended March 31, 2006. Total revenue for the quarter was $16.3 million, a 2.3% increase from the $15.9 million in the same quarter a year ago, and a decrease of 3.8% from the $16.9 million from the just previous quarter. The guidance given a quarter ago called for growth in the 12% to 21% range. Product revenue was $9.5 million, accounting for 59% of total revenue, essentially flat year-over-year, but down nearly 6% sequentially. Services revenue was $6.7 million, accounting for 41.5% of total revenue. This was an increase of 5.4% year-over-year and a decrease of almost 1% sequentially.
Revenue from the Design Analysis Solutions segment represented 72% of total revenue and was $11.7 million, unchanged when compared to the same period last year and a decrease of 8% sequentially. Revenue from the Manufacturing Solutions segment totaled $4.6 million, contributing 28% of total revenue, and represented a 9% increase when compared to the same period last year and +10% sequentially. Regionally, revenue in Americas represented 37% of total revenue, while revenue in the European and Asia/Pacific regions represented 29% and 34% of total revenue, respectively.
The company announced a restructuring of its Manufacturing Solutions business unit. Moldflow expects to incur a charge of between $1.0 and $1.5 million from this action.
Roland Thomas, Moldflow Corporation's president and CEO, said, "During the third quarter, we saw lower than expected revenue and earnings due to continued softness in the European market and to a lesser extent the North American market. This softness spanned across both our business units. While sales activity was high in most regions, we did not see this activity translate into deals that closed during the course of the quarter."
On April 14, 2006 MSC.Software Corporation announced that it had filed its Form- 10K for the fiscal year ended December 31, 2004, including the audited fiscal years 2002, 2003 and 2004.
From this filing we learn that:
- The revenue restatement adjustments for these periods primarily resulted in previously recognized revenue being deferred until subsequent periods, as well as certain revenue being reclassified by type. The net effect of these revenue adjustments was to decrease revenue from continuing operations by $14.6 million in 2002 and by $0.2 million in the nine months ended September 30, 2003.
- MSC also made certain non-revenue adjustments to expenses and other accounts related primarily to software development costs, business combinations, pension accounting, valuation of long-lived assets, stock compensation, and the recognition of various expenses resulting from the timing and adequacy of various accruals and allowances. The net effect of the expense adjustments on consolidated audited financial statements increased operating costs and expenses by $5.5 million in 2002 and decreased operating costs and expenses by $1.6 million in the nine months ended September 30, 2003.
- The revenue and non-revenue adjustments, in addition to errors related solely to the tax provision, required MSC to make certain income tax related adjustments, which decreased the benefit for income taxes related to continuing operations by $7.0 million in 2002 and increased the benefit for income taxes by $5.1 million for the nine months ended September 30, 2003.
- After considering all restatement adjustments, the previously reported 2002 net loss of $51.3 million increased $23.9 million or $0.82 per share, and the previously reported net loss of $26.6 million in the first nine months of 2003 decreased by $3.3 million or $0.07 per basic share and $0.23 per diluted share.