HUNTSVILLE, Ala., March 14, 2006 – Intergraph Corporation (NASDAQ: INGR), a leading global provider of Spatial Information Management (SIM) software, today announced the filing of its Form 10-K for the year ended December 31, 2005. Intergraph has received unqualified opinions on its financial statements and on management’s assessment of the effectiveness of its internal controls over financial reporting under Section 404 of Sarbanes Oxley Act of 2002 from its independent registered public accounting firm.
The final audited results for 2005 are slightly adjusted from the unaudited results announced on January 25, 2006. In the fourth quarter of 2005, revenue was reduced by $792,000, income from operations was reduced by $558,000 and net income was reduced by $361,000 or $0.01 per diluted share. The primary causes of the change relate to certain international shipments that were not delivered timely due to customs and carrier delays and incorrect information provided by an unrelated third party relative to intellectual property royalty income. The Company and its Audit Committee have concluded that these items are immaterial to the previously released unaudited 2005 financial results. However, since they were known prior to the filing of the audited financial statements, they have been reflected in the Annual Report on Form 10-K.
Intergraph Corporation (NASDAQ: INGR) is the leading global provider of spatial information management (SIM) software. Security organizations, businesses and governments in more than 60 countries rely on the company's spatial technology and services to make better and faster operational decisions. Intergraph's customers organize vast amounts of complex data into understandable visual representations, creating intelligent maps, managing assets, building and operating better plants and ships, and protecting critical infrastructure and millions of people around the world. For more information, visit www.intergraph.com.
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