August 06, 2007
PTC Expands Business with Visteon
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Jeff Rowe - Managing Editor

by Jeff Rowe - Contributing Editor
Each MCAD Weekly Review delivers to its readers news concerning the latest developments in the MCAD industry, MCAD product and company news, featured downloads, customer wins, and coming events, along with a selection of other articles that we feel you might find interesting. Brought to you by If we miss a story or subject that you feel deserves to be included, or you just want to suggest a future topic, please contact us! Questions? Feedback? Click here. Thank you!

PTC reported revenue of $225.1 million for the third quarter ended June 30, 2007, up 4% from the same period last year. Total license revenue for the third quarter of 2007 was $62.1 million, a decline of 5% from the same period last year. Results for the third quarter of 2007 reflected year-over-year revenue growth in Europe and the Pacific Rim, offset by declines in North America and Japan. Additionally, PTC delivered continued growth in its Enterprise Solutions product category, but Desktop Solutions revenue declined year over year. In the third quarter of 2007, PTC achieved the highest level of quarterly maintenance revenue in the company's history. "Our third quarter license
revenue shortfall reflects two major factors: several large transactions that we expected but did not close and a reduction in add-on sales of Desktop Solutions in North America and Japan," said C. Richard Harrison, president and chief executive officer. "Though our third quarter results did not meet our expectations, we continue to have confidence in the strength of the PLM market and in PTC's competitive position. As evidenced by our record maintenance revenue in the third quarter and our revenue growth year to date, we have a large and loyal customer base."

INCAT, a provider of Engineering Services Outsourcing (ESO), Enterprise IT services, and an international provider of PLM solutions is now ranked among the top-10 companies in its market space, placing 10th on the list of the top 15 2006 collaborative Product Definition management (cPDm) Independent Services Leaders as compiled by CIMdata for its 2006 Survey of the PLM Market. CIMdata is a global consulting firm recognized as a source of information and guidance to both industrial organizations and suppliers of PLM technologies and services. INCAT also placed among the top PLM Services Revenue Leaders for 2006, ranking 11th on that list, in the survey. CIMdata surveys the PLM
market annually, most recently reporting growth of 10.4 percent in the PLM market for 2006.

BUNKSPEED announced recently that Cobra Golf, a division of Acushnet Company and one of the world’s leading manufacturers of high performance golf clubs, was able to save tens of thousands of dollars associated in the development of its latest putter line, as well as in the development of one of its iron products. The savings are attributed to Cobra Golf’s deployment of BUNKSPEED’s software UDRIVE and HyperShot as an integral part of the company’s product development process. BUNKSPEED’s ability to turn 3D content into photorealistic images allowed Cobra Golf to visualize many concepts in real time, in a variety of environments and simulated natural and
studio light conditions. Cobra Golf is one of BUNKSPEED’s first customers outside of the automotive design market. The penetration of the product design and consumer goods market is a major focal point for BUNKSPEED in 2007.

Jeffrey Rowe is the editor of
MCADCafé and MCAD Weekly Review. He can be reached at
or 408.850.9230.

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