Tony Affuso, chairman, CEO and president of UGS, said, "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. 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."
MCAD Vendor Stock Performances
In the most recent quarter, the combined stock prices of the MCAD vendors rose 33% in absolute dollars, and 34% in average price, over the first quarter of 2005. This compares to an average increase of 11% for the major stock indexes over the same period. Percentage-wise, MSC.Software had the greatest year-over-year increase at 79% with ANSYS a strong second at 58%. Autodesk and Dassault Systèmes also had growth over 20%, while PTC increased almost 17%. Moldflow was the only decliner at minus 1.8%.
On a sequential basis the combined stock prices rose 7% in absolute dollars and 9% in terms of average price. This compares to an average increase of nearly 6% in the major stock indexes. ANSYS was the growth leader at 27% with MSC.Sofwtare and Moldflow had good share price growth at 17% and 12%, respectively. Autodesk was the only sequentially decliner, down 10%.
(Note: UGS is no longer publicly traded)
Figure 4 - Stock Prices of MCAD Vendors
Forecast Guidance from Individual MCAD Providers
All of the MCAD vendors are forecasting year-over-year quarterly growth for this next quarter. ESI is most bullish. Dassault, Autodesk and ANSYS are projecting low double digit growth with PTC approaching double digit growth. On a sequential basis Moldflow and ESI Group are the most optimistic.
|ESI Group (€)||28||25||12.5%||13.5||105.8%|
|ESI Group ($)||35||30||17.3%||17.0||104.2%|
As guidance ANSYS expects revenue in the next quarter of approximately $41 to $42 million. This guidance excludes the impact of the acquisition of Fluent Inc. announced in the first quarter of 2006. This compares to revenue of $46 million in the quarter just completed. Guidance for the fiscal year is in the range of $178 million to $180 million. This compares to $158 million for 2005.