MKS Inc.

MKS Inc.

May 06, 2008 07:00 ET

MKS Announces Preliminary Fourth Quarter Results for Fiscal 2008

WATERLOO, ONTARIO--(Marketwire - May 6, 2008) - MKS Inc. ('MKS' or the 'Company') (TSX:MKX), today announced preliminary results for the fourth quarter of fiscal 2008 ended April 30, 2008. All amounts are reported in US dollars under United States Generally Accepted Accounting Principles. MKS expects to report fourth quarter fiscal 2008 revenue of approximately $21 million, compared to revenue of $12.6 million reported in the fourth quarter of fiscal 2007 and revenue of $12.8 million reported in the third quarter of fiscal 2008. MKS expects to report income before taxes of approximately $4 million for the fourth quarter of fiscal 2008. The impact of these results on current and deferred taxes has not been determined at this time.

MKS expects to report application lifecycle management (ALM) licensing revenue for the fourth quarter of fiscal 2008 of approximately $11 million, up approximately 175 percent from the $3.9 million reported in the fourth quarter of fiscal 2007 and up 250 percent from $3.1 million reported for the third quarter of 2008. Other components of ALM revenue followed their normal growth trends. As a result, MKS expects to report overall ALM revenue of approximately $19 million.

"In March 2008 we announced a $5 million license transaction with a European automotive customer, which was recognized this quarter. We are pleased to report that other licensing activities for the 4th quarter were similarly strong" said Philip Deck, chairman and CEO of MKS Inc. "This unusually high level of quarterly license revenue along with solid results in maintenance and services will produce record revenue and pretax profits for the 4th quarter".

Conference Call Details

The Company will announce full fourth quarter and fiscal year financial results on June 3rd at 4:00 p.m. EDT and will hold a conference call at 5:00 p.m. EDT to discuss its fourth quarter performance. Interested parties may access the call by dialing 800-215-2393 or 416-620-9644. A digital recording of the call will be available for one (1) week and may be accessed by dialing 800-558-5253 or 416-626-4100 and by entering reservation #21352430.

About MKS

MKS is the rapidly growing thought leader in application lifecycle management, which enables software engineering and IT organization to seamlessly manage their worldwide software development activities. With its flagship product, MKS Integrity, MKS offers support for all software development activities through a single enterprise application, resulting in better global collaboration and higher productivity. MKS supports customers worldwide with offices across North America, Europe and Asia. For more information about MKS, visit our Web site at

Copyright (C) 2008 MKS Inc. MKS is a registered trademark of MKS Inc. All other trademarks mentioned in this release are the property of their respective owners.

This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect the Company's current views with respect to future events and are subject to such risks and uncertainties. Although the Company believes the expectations represented by such forward looking statements are reasonable, there can be no assurance that those expectations will prove to be correct. Many factors could cause our actual results to differ materially from the statements made including those factors detailed from time to time in filings made by the Company with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. The Company does not intend and does not assume any obligation to update these forward-looking statements.

Contact Information