PTC Reports Q3 Fiscal Year 2007 Results

                                 Three Months Ended  Nine Months Ended
                                 ------------------  -----------------
                                 June 30,  July 1,   June 30,  July 1,
                                   2007      2006      2007     2006
                                 ------------------  -----------------
  Cost of license revenue              $60      $29       $100     $96
  Cost of service revenue              993    1,969      4,671   5,830
  Sales and marketing                2,035    2,547      5,926   7,241
  Research and development           1,058    2,336      4,529   6,653
  General and administrative           884    3,188      7,281   9,453
                                 ------------------  -----------------
    Total stock-based
     compensation                   $5,030  $10,069    $22,507 $29,273
                                 ========= ========  ========= =======

                  PARAMETRIC TECHNOLOGY CORPORATION
     NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS (UNAUDITED)
                (in thousands, except per share data)

                                 Three Months Ended  Nine Months Ended
                                 ------------------  -----------------
                                 June 30,  July 1,   June 30, July 1,
                                   2007      2006      2007     2006
                                 ------------------  -----------------
GAAP operating income              $19,805  $13,461   $62,047  $39,827
  Stock-based compensation           5,030   10,069    22,507   29,273
  Amortization of acquired
   intangible assets included in
   cost of license revenue
                                     1,728    1,105     4,895    2,649
  Amortization of acquired
   intangible assets included in
   cost of service revenue
                                        17       65        66      169
  Amortization of acquired
   intangible assets                 1,764    1,646     5,440    4,292
  In-process research and
   development                         544    2,100       544    2,100
  Restructuring charge, net             --    5,947        --    5,947
                                 ------------------  -----------------
Non-GAAP operating income          $28,888  $34,393   $95,499  $84,257
                                 ==================  =================

GAAP net income                    $87,228  $16,876  $119,780  $35,143
    Stock-based compensation         5,030   10,069    22,507   29,273
Amortization of acquired
 intangible assets included in
 cost of license revenue             1,728    1,105     4,895    2,649
Amortization of acquired
 intangible assets included in
 cost of service revenue                17       65        66      169
Amortization of acquired
 intangible assets                   1,764    1,646     5,440    4,292
In-process research and
 development                           544    2,100       544    2,100
Restructuring charge, net               --    5,947        --    5,947
   Income tax adjustments (3)     (77,638)  (8,279)  (79,513)  (8,744)
                                 ------------------  -----------------
Non-GAAP net income                $18,673  $29,529   $73,719  $70,829
                                 ==================  =================

GAAP diluted earnings per share         $0.74        $0.15          $1.02        $0.31
    Stock-based  compensation                        0.04          0.09            0.19          0.26
    All  other  items  identified
      above                                                        (0.62)          0.02        (0.58)          0.05
                                                                  ------------------    -----------------
Non-GAAP  diluted  earnings  per
  share                                                              $0.16        $0.26          $0.63        $0.62
                                                                  ==================    =================

Weighted  average  shares  used  in
  calculating  Non-GAAP  diluted
  earnings  per  share  (4)                        117,500    113,210      117,423    113,654

(3)  Reflects  the  tax  effect  of  non-GAAP  adjustments  above,  as  well  as
  the  effect  of  one-time  tax  benefits  due  to  (a)  the  reversal  of  the
  valuation  allowance  recorded  in  the  United  States  and  a  foreign
  jurisdiction  of  $65.1  million  and  $0.4  million,  respectively,  and  the
  favorable  resolution  of  a  tax  claim  of  $5.3  million  in  the  three  and
  nine  months  ended  June  30,  2007  and  (b)  the  favorable  resolution  of
  tax  audits  in  the  amount  of  $6.1  million  in  the  three  and  nine  months
  ended  July  1,  2006.

(4)  Weighted  average  shares  used  in  calculating  non-GAAP  diluted
  earnings  per  share  for  the  third  quarter  and  first  nine  months  of
  2006  include  0.3  million  and  0.7  million  additional  shares,
  respectively,  related  to  outstanding  stock  options  assumed  to  be
  repurchased  under  SFAS  123(R)  that  would  not  be  assumed  to  be
  repurchased  under  APB  No.  25.
 


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