|PTC Fiscal Q3 Conference Call and Webcast|
IMPORTANT: Supplemental financial and operating metric information and prepared remarks with respect to tomorrow's conference call have been posted to the investor relations section of our website at www.ptc.com. The prepared remarks will not be read live; the call will be primarily Q&A.
|Wednesday, July 23, 2008 at 8:30 a.m. Eastern Time|
|1-888-566-8560 or 1-517-623-4768|
|Call Leader: Richard Harrison|
The audio replay of this event will be archived for public replay until 4:00 pm on July 28, 2008 at 1-866-516-0671 or 1-203-369-2035. To access the replay via webcast, please visit http://www.ptc.com/for/investors.htm.
Important Information About Non-GAAP References
PTC provides non-GAAP supplemental information to its financial results.
Non-GAAP revenue excludes the effect of purchase accounting on the fair
value of the acquired deferred maintenance revenue balance of CoCreate
Software GmbH. Non-GAAP operating margin and EPS also exclude
stock-based compensation expense, amortization of acquired intangible
assets and acquired in-process research and development expenses,
restructuring expenses, non-cash effects of liquidating subsidiaries and
any one-time tax items, such as valuation allowance reversals. PTC
provides this non-GAAP information to facilitate period-to-period
comparisons of its operational performance by adjusting for episodic
expenses. We believe that providing non-GAAP measures affords investors
a view of our operating results that may be more easily compared to peer
companies. PTC management also uses this and other non-GAAP financial
information to evaluate, manage and plan our business because the
information provides additional insight into ongoing financial
performance. In addition, compensation of our executives is based in
part on the performance of our business based on these non-GAAP
measures. However, non-GAAP information should not be construed as
alternative to GAAP information as the items excluded from the non-GAAP
measures often have a material impact on PTC ’ s
financial results. Therefore, management uses, and investors should use,
non-GAAP measures in conjunction with our reported GAAP results. Please
refer to the attached tables for a reconciliation between GAAP results
and the non-GAAP supplemental information.