Net income for the quarter was $8.9 million, or $0.23 per share, compared to $8.3 million, or $0.23 per share last year.

Metaphase license revenue was up 46% over the same quarter last year, while total Metaphase revenue of $47.1 million was up 22% and comprised about 40% of the company’s business for the quarter. Significant Metaphase license orders were received from Lear, Vought, Seagate, Giat Industries, and Mazda.

For the six months ended June 30, 2001, SDRC’s revenue was $234.0 million, up 3% compared to the first six months of 2000, while net income was $14.7 million, or $0.39 per share, compared to $12.6 million, or $0.34 per share for the last year to date. Total Metaphase revenue for the six months ended June 30, 2001 was $91.9 million, up 23% over the same period last year.

While some cite declining economic conditions, SDRC has continued to accelerate Metaphase license growth rates while gaining market share due to new web-native industry solutions and continually improving sales execution, stated Bill Weyand, chairman and CEO. As we are sensitive to the global manufacturing slowdown and the difficulty of our ability to forecast the timing of large orders, we are nonetheless enthusiastic that our recent launch of TeamCenter is creating a significant number of new opportunities for SDRC in all of our geographies. As stated before, 2000 was a transition year for SDRC, and we have regained the undisputed market leadership position for collaborative product commerce (CPC) and are the leading provider of Product Lifecycle Management (PLM) solutions as well.

Mr. Weyand continued, Evidence of our successful transition and regained leadership was SDRC’s launch in May of the industry’s first collaborative applications suite for managing the total product life cycle. TeamCenter is completely new, and is the most up-to-date technology offering in the PLM market. According to industry analyst reports, the TeamCenter platform is two or three years ahead of our nearest competitor. SDRC’s TeamCenter provides the world’s manufacturing leaders with an opportunity to acquire and leverage next-generation collaboration capabilities for design, requirements, projects, and the product/supply chain. SDRC is truly the partner of choice and the only proven scalable solutions provider for enterprise clients with over 1000 users.

SOURCE: COMPANY PRESS RELEASE