PTC Announces Fiscal 2008 Q2 Results; Issues Q3 Guidance

NEEDHAM, Mass.—(BUSINESS WIRE)—April 23, 2008— PTC (Nasdaq: PMTC - News), the Product Development Company®, today reported results for its fiscal second quarter ended March 29, 2008.

Highlights

  • Q2 non-GAAP Results: Revenue of $259.5 million and EPS of $0.30
  • Q2 GAAP Results: Revenue of $257.8 million and EPS of $0.16
  • Q3 non-GAAP Guidance: Revenue of $260 to $270 million with EPS of $0.28 to $0.32
  • Q3 GAAP Guidance: Revenue of $259 to $269 million with EPS of $0.14 to $0.18
  • Fiscal Year 2008 non-GAAP Guidance: Revenue of $1,060 million with 22% operating margin
  • Fiscal Year 2008 GAAP Guidance: Revenue of $1,055 million with 13% operating margin

Q2 Results

C. Richard Harrison, president and chief executive officer, commented, We achieved 14% year-over-year non-GAAP revenue growth in the second quarter reflecting revenue contribution from the CoCreate Software business, which we acquired on November 30, 2007, strong continued license revenue growth in Europe, services and maintenance revenue growth in all geographies, as well as a favorable currency impact. As expected, the softness in license sales in North America continued. GAAP year-over-year revenue growth for the second fiscal quarter was 13%. Our non-GAAP revenue excludes the effect of purchase accounting on the acquired deferred maintenance revenue balance of CoCreate of approximately $1.7 million.

The following tables provide further detail on PTCs GAAP revenue performance by line of business, region and distribution channel. Further financial and operating metrics are available on PTCs web site at www.ptc.com/for/investors.htm.

($ in millions) Q2 FY07 Q3 FY07 Q4 FY07 Q1 FY08 Q2 FY08 Y-Y Change
License $ 71.3 $ 62.1 $ 96.1 $ 67.2 $ 72.9 2 %
Services 58.0 59.7 64.6 60.2 63.8 10 %
Maintenance 98.8 103.1 106.0 113.8 121.1 23 %
Total Revenue $ 228.1 $ 224.9 $ 266.7 $ 241.2 $ 257.8 13 %
Europe $ 82.9 $ 86.2 $ 101.6 $ 101.7 $ 106.2 28 %
North America 89.4 86.9 102.2 84.5 88.2 -1 %
Pacific Rim 30.7 32.6 34.3 29.9 33.5 9 %
Japan 25.1 19.2 28.6 25.1 29.9 19 %
Total Revenue $ 228.1 $ 224.9 $ 266.7 $ 241.2 $ 257.8 13 %
Direct $ 179.2 $ 177.3 $ 215.3 $ 182.5 $ 196.2 9 %
Channel 48.9 47.6 51.4 58.7 61.6 26 %
Total Revenue $ 228.1 $ 224.9 $ 266.7 $ 241.2 $ 257.8 13 %

1 | 2 | 3 | 4 | 5 | 6  Next Page »



Review Article Be the first to review this article
Rand3D

SolidCAM: MC SolidCARE Upgrades

Featured Video
Jobs
Senior Mechanical Engineer for Albert Kahn and Associates at Detroit, MI
Mechanical Engineer for The Planate Management Group LLC at Perry Point, MD
ENVIRONMENTAL GRAPHIC DESIGNER for Blitz at San Francisco, CA
Structural Engineer for The Planate Management Group LLC at Perry Point, MD
Structural Engineer for Albert Kahn and Associates at Detroit, MI
Upcoming Events
Design for Metal Additive Manufacturing Short Course at Revere Hotel Boston Common 200 Stuart St Boston MA - Nov 27 - 28, 2017
IMTS2018 International Manufacturing Tech Show at McCormick Place Chicago IL - Sep 10 - 15, 2018
Kenesto: 30 day trial



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise