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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	February 10, 2006
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  	UGS Corp.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	333-123664
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  	75-2728894
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	5800 Granite Parkway, Suite 600, Plano, Texas
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  	75024
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	972-987-3000
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <B>
  	Item 2.02 Results of Operations and Financial Condition.
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  On February 10, 2006, UGS Corp. issued a press release announcing its financial results for the three and twelve months ended December 31, 2005.  This press release is furnished as Exhibit 99.1 hereto, and is incorporated herein by reference.<br><br>The press release referred to above references Adjusted EBITDA and EBITDA. The GAAP measure we believe to be most directly comparable to EBITDA and Adjusted EBITDA is net income (loss). For the three months ended December 31, 2005 net income was $12.9 million compared to $8.4 million for the same period a year prior. Please refer to the press release for a reconciliation of EBITDA and Adjusted EBITDA to net income (loss).<br><br>The press release referred to above contains non-GAAP financial results which reflect our operating results excluding the impact of purchase accounting.  We believe that viewing our results with these adjustments best reflects our ongoing performance and business operations during the periods presented and is more useful to investors for comparative purposes. However, the reader is cautioned that any non-GAAP financial results provided by us are provided in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. Any non-GAAP financial results provided by UGS may not be comparable to similar results provided by other companies.<br><br>The information furnished in this report shall not be deemed to be "filed" for the purposes of the Securities Exchange Act of 1934 (&#x2018;Exchange Act") or otherwise subject to the liabilities of Section 18 of the Exchange Act, unless we specifically incorporate it by reference in a document filed under the Securities Act of 1933 or the Exchange Act.  By filing this report on Form 8-K and furnishing this information, we make no admission as to the materiality of any information in this report, including the Exhibit.
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  	Item 9.01 Financial Statements and Exhibits.
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  Item 9.01 Financial Statements and Exhibits<br><br>(c) Exhibits<br><br><br>Exhibit No.        Description<br>99.1               Press release issued by UGS Corp. dated February 10, 2006<br>	<br><br>
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	UGS Corp.
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  	&nbsp;&nbsp;
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  <I>
  	February 10, 2006
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  	&nbsp;
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  	By:
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  <I>
  	/s/ Douglas E. Barnett
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  	&nbsp;
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  <I>
  	Name: Douglas E. Barnett
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  <I>
  	Title: Senior Vice President and Chief Financial Officer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	&nbsp;
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  	Description
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  	99.1
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  	&nbsp;
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  Press Release issued by UGS Corp. dated February 10, 2006
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_10142.htm", "description": "LIVE FILING", "secsgml_size_bytes": 11745}]
metadata_filer: {"company-data": {"conformed-name": "UGS Corp.", "cik": "0001321033", "assigned-sic": "7373", "irs-number": "752728894", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-123664", "film-number": "06595423"}, "business-address": {"street1": "5800 GRANITE PARKWAY", "street2": "SUITE 600", "city": "PLANO", "state": "TX", "zip": "75024", "phone": "(972) 987-3000"}, "mail-address": {"street1": "5800 GRANITE PARKWAY", "street2": "SUITE 600", "city": "PLANO", "state": "TX", "zip": "75024"}}
text: UGS Corp. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  February 10, 2006
  UGS Corp.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  333-123664
  75-2728894
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  5800 Granite Parkway, Suite 600, Plano, Texas
  75024
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  972-987-3000
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 2.02 Results of Operations and Financial Condition.
  On February 10, 2006, UGS Corp. issued a press release announcing its financial results for the three and twelve months ended December 31, 2005.  This press release is furnished as Exhibit 99.1 hereto, and is incorporated herein by reference.
  The press release referred to above references Adjusted EBITDA and EBITDA. The GAAP measure we believe to be most directly comparable to EBITDA and Adjusted EBITDA is net income (loss). For the three months ended December 31, 2005 net income was $12.9 million compared to $8.4 million for the same period a year prior. Please refer to the press release for a reconciliation of EBITDA and Adjusted EBITDA to net income (loss).
  The press release referred to above contains non-GAAP financial results which reflect our operating results excluding the impact of purchase accounting.  We believe that viewing our results with these adjustments best reflects our ongoing performance and business operations during the periods presented and is more useful to investors for comparative purposes. However, the reader is cautioned that any non-GAAP financial results provided by us are provided in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. Any non-GAAP financial results provided by UGS may not be comparable to similar results provided by other companies.
  The information furnished in this report shall not be deemed to be "filed" for the purposes of the Securities Exchange Act of 1934 ('Exchange Act") or otherwise subject to the liabilities of Section 18 of the Exchange Act, unless we specifically incorporate it by reference in a document filed under the Securities Act of 1933 or the Exchange Act.  By filing this report on Form 8-K and furnishing this information, we make no admission as to the materiality of any information in this report, including the Exhibit.
  Item 9.01 Financial Statements and Exhibits.
  Item 9.01 Financial Statements and Exhibits
  (c) Exhibits
  Exhibit No.        Description
  99.1               Press release issued by UGS Corp. dated February 10, 2006
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  UGS Corp.
  February 10, 2006
  By:
  /s/ Douglas E. Barnett
  Name: Douglas E. Barnett
  Title: Senior Vice President and Chief Financial Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  99.1
  Press Release issued by UGS Corp. dated February 10, 2006