Tuesday, June 16. 2009

Intergraph 09 Opens With CEO Wise Stating “We’re not afraid to set aggressive goals.”

Intergraph CEO Halsey Wise (at right) opened the 2009 Intergraph user conference by acknowledging the global economic turbulence, with a hurricane graphic in the background to emphasize his point, and by stating "We are not afraid to set aggressive goals. We will use this trough to power through to the future. Some of our competitors have not even had the courage to hold their user event [this year]."

Wise cited several performance metrics to illustrate the success the company has realized:

• In 2008, the company reached $808 million
• Intergraph has grown operating profits 9x since 2003
• Intergraph R&D spending was $95.2M in 2008, an increase of 40% over last five years
• 32% of revenue comes from products that did not exist in 2003

Wise has set a goal of reaching $1 billion in revenue by 2012 and told the audience to "pay attention...next year we will announce new products and maybe new acquisitions."

Posted by Joe Francica in Intergraph 2009 at 08:15 | Comment (1) | Trackbacks (0) |