While the race for the pole position in the still evolving, moving-target PLM market started several years ago, it has been quite accelerated by Agile Software's fourth acquisition in 2003. Particularly with the most recent Agile-Eigner announcement, the two players have apparently decided to leapfrog many direct competitors by joining complementary forces.
Two weeks after the Eigner announcement, on August 19, Agile Software announced somewhat improved results for the first quarter of fiscal 2004, which ended July 31, 2003. Total revenues for the quarter were $18.3 million, a 14 percent increase compared to $16.0 million for Q1 2003, while license revenues were $7.4 million, which is a 7 percent increase compared to $6.9 million a year ago. Net loss for Q1 2004, on a generally accepted accounting principles (GAAP) basis, was still $2.7 million, albeit much