Tony Affuso
Chairman, CEO and President
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Recently UGS announced its financial results for the third quarter of 2005. This marks the company's ninth consecutive quarter of year-over-year total revenue growth with consolidated revenue of U.S. $290.2 million or a 23.4 percent year-over-year increase. As in previous quarters, the cPDM segment of our business continued to show remarkable growth, with a year-over-year 73.8 percent revenue increase including acquisitions.
These numbers reflect the expanding adoption of product lifecycle management (PLM) both within and beyond the traditional product development process as more and more companies see its value throughout the complete product lifecycle. What is causing this increasing interest and acceptance? Industry research firm AberdeenGroup provided several key reasons in published reports on PLM growth and product innovation.
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