UGS Reports Year-End Revenue


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About UGS

UGS is a leading global provider of product lifecycle management (PLM) software and services with 4.3 million licensed seats and 47,000 customers worldwide. Headquartered in Plano, Texas, UGS' vision is to enable a world where organizations and their partners collaborate through global innovation networks to deliver world-class products and services while leveraging UGS' open enterprise solutions, fulfilling the mission of enabling them to transform their process of innovation. For more information on UGS products and services, visit www.ugs.com.

Note: UGS, Geolus, NX, Teamcenter, Tecnomatix, Velocity Series and Transforming the process of innovation are trademarks or registered trademarks of UGS Corp. or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.

The statements in this news release that are not historical statements, including statements regarding our business, results of operations expected financial performance, expected cost savings related to acquisitions, and other statements identified by forward-looking terms such as "may," "will," "expect," "plan," "anticipate" or "project," are forward-looking statements. These statements are subject to numerous risks and uncertainties which could cause actual results to differ materially from such statements, including, among others, risks relating to developments in the PLM industry, loss or downsizing of customers, competition, failure to innovate, substantial, prolonged economic downturns, financial distress in the automotive industry, international operations and exchange rate fluctuations, terrorist activities, acquisitions, changes in pricing models, intellectual property, loss of key employees and complexity of income tax assessments. UGS has included a discussion of these and other pertinent risk factors in its quarterly report on Form 10-Q for the period ended June 30, 2006 filed with the SEC. UGS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
                              UGS Corp.
      UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                            (in thousands)


                                                      Three months
                                                          ended
                                                   December  December
                                                      31,       31,
                                                     2006      2005
                                                   --------- ---------
Revenue:
    License                                        $128,129  $114,248
    Maintenance                                     142,754   134,575
    Services and other                               81,866    77,974
                                                   --------- ---------
         Total revenue                              352,749   326,797
                                                   --------- ---------
Cost of revenue:
    License                                           5,682     6,052
    Maintenance                                      16,763    14,094
    Services and other                               62,459    60,629
    Amortization of capitalized software and
     acquired intangible assets                      40,149    34,074
                                                   --------- ---------
         Total cost of revenue                      125,053   114,849
                                                   --------- ---------
Gross profit                                        227,696   211,948
                                                      ---------  ---------
Operating  expenses:
        Selling,  general  and  administrative                          121,944      107,491
        Research  and  development                                                  46,483        48,494
        Amortization  of  other  intangible  assets                      7,996          8,820
                                                                                                      ---------  ---------
                  Total  operating  expenses                                      176,423      164,805
                                                                                                      ---------  ---------
                  Operating  income                                                        51,273        47,143
Interest  expense  and  amortization  of  deferred
  financing  fees                                                                          (27,364)    (26,161)
Other  income  (expense),  net                                                      6,289        (3,345)
                                                                                                      ---------  ---------
                  Income  before  income  taxes                                    30,198        17,637
Provision  for  income  taxes                                                        7,530          4,744
                                                                                                      ---------  ---------
                  Net  income                                                                  $22,668      $12,893
                                                                                                      =========  =========
 


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