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|Agile Software Corporation|
|6273 San Ignacio Avenue|
|San Jose, CA 95119|
|Voice: (408) 284-4000|
|Fax: (408) 284-4002|
|Agile Software Corporation|
Agile Reports Second Quarter Fiscal 2006 Results
Outlook Remains Positive
San Jose, CANovember 21, 2005Agile Software Corporation (NASDAQ: AGIL), a leading provider of product lifecycle management (PLM) solutions, today announced results for the second quarter of fiscal 2006, which ended October 31, 2005. Total revenues for the quarter were $31.5 million, compared to $28.2 million for the second quarter of fiscal 2005. License revenues for the second quarter of fiscal 2006 were $10.1 million, compared to $11.2 million for the second quarter of fiscal 2005.
Net loss for the second quarter of fiscal 2006, on a generally accepted accounting principles (GAAP) basis, was $4.0 million, or ($0.07) per share, compared to a net loss of $92,000, or ($0.00) per share, for the second quarter of fiscal 2005.
Non-GAAP net loss for the second quarter of fiscal 2006, which excludes amortization of intangibles and stock compensation, was $1.6 million, or ($0.03) per share, compared to a non-GAAP net income of $672,000, or $0.01 per share, for the second quarter of fiscal 2005. Reconciliation between our net income (loss) on a GAAP and non-GAAP basis is provided in a table immediately following the non-GAAP Condensed Consolidated Statements of Operations below.
Revenues were up year-over-year, but down sequentially, said Bryan Stolle, Agile chief executive officer. While PLM remains the hottest segment within enterprise software sector, the demand picture in the overall enterprise software sector is still difficult, creating challenges in delivering predictable results. Overall, we are optimistic about the PLM segment, but we are experiencing somewhat inconsistent results due to unpredictable customer capital spending patterns.
We remain optimistic about the long-term prospects for our business and for PLM, though we are disappointed in the Q2 results, said Jay Fulcher, president and COO. Agile continues to win in the market, and Agile
The following information was filed by Agile Software Corp on Monday, November 21, 2005 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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