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Jan 27, 2006

MapBiz: Intergraph Reports Improved Performance

Intergraph Corporation announced financial results for 2005 that showed improving performance at the spatial information management company. While revenue for the 4th quarter of 2005 was down slightly from the previous year, operating income for the quarter showed an improvement from $9.8 million to $10.4 million.

For all of 2005, Intergraph reported revenue was $577.6 million, an increase of 4.8% from 2004. Operating income for 2005 was $32.5 million. While that was down slightly from 2004, the figure included restructuring charges of $11.7 million for the year, operating income before the restructuring charges was actually up.

Halsey Wise, President & CEO was quoted as being pleased with the company's performance saying the numbers, "... illustrate the substantial progress Intergraph has made in improving operating performance." Apparently Wall Street agrees, the firm's stock price has risen almost 80% since last March.