Tony Affuso
Chairman, CEO and President
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UGS last week announced its earnings for Q4 and full year 2004. The results reflect the fact that a growing number of companies around the world are finding Product Lifecycle Management (PLM) to be a valuable strategic investment.
For 2004, UGS became the first company in the new PLM industry to report more than US$1 billion in annual revenue - a milestone in the industry. This represents 14 percent growth over the same period a year earlier. The fourth quarter was our sixth consecutive quarter of strong growth with 11 percent growth over the same period a year earlier.
So what's fueling this growth in PLM? This past week I had the opportunity to address a group of business leaders at the CIO Perspectives on Enterprise Value executive conference sponsored by CIO magazine and UGS. While attendees came from a variety of industries, one thing they all had in common was a desire to foster innovation in their companies and improve top line revenue growth - an area where PLM can make dynamic impact.
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