PLANO, Texas – UGS, a leading global provider of product lifecycle management (PLM) software and services, today announced financial results for the second quarter ended June 30, 2004. Financial highlights from the second quarter include: Revenue of US$236.2 million, or 11 percent growth over the same period a year earlier. The fourth consecutive quarter of strong revenue growth over the same period a year earlier. EBITDA of US$52.4 million, or 22 percent growth over the same period a year earlier. Operating income of US$29.3 million, or 16 percent growth over the same period a year earlier, excluding the effects of purchase accounting relating to the UGS acquisition. The acquisition had the effect of increases in amortization costs by US$4.0 million and in depreciation by US$0.6 million, and an in-process research and development charge of US$43.7 million.