Telelogic Q4 Results
Highlights (VDC comments in parentheses):
- Revenue $51 Million (converted using Q4 average exchange rate)
- Tau (UML tool) 18% of Revenues or $9.2 Million ($7.2M in Q4 2004)
- Tau G2 sales increased by 17%, G1 sales declined (to be expected)
- DOORS 44%, Synergy 23%
- System Architect 11% (acquired through Popkin acquisition cost $45M)
- Focal Point 4% (decision making application for product development)
- Earnings per share up 12%
VDC's View: This is a very solid quarter for Telelogic. We focus most of our efforts on Tau and the company's design automation tools, which are showing strength here - up $2M compared to Q4 2004. Most interesting in this announcement is the number of customers mentioned who are licensing multiple Telelogic products in multi-year agreements. Not only does this give a strong indication of future growth, but also shows the success of the company's acquisition strategy around DOORS and Synergy, although DOORS is the more successful product by far.
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