Farnborough, February 4, 2010 – PTC® (Nasdaq: PMTC), the Product Development Company®, today reported significant growth in the UK SMB sector despite the global economic downturn. PTC recorded total revenue of $258 million for its first fiscal quarter ended December 31,2009, up 8% year on year for total revenue, with license revenue up 48%. In the UK region specifically, sales from PTC’s reseller channel grew 18% for total revenue year on year, with a notable 52% increase year on year with Windchill® products.
Windchill, PTC’s PLM software, continues to gain momentum as the preferred PLM solution for small and medium-size businesses. Because of their size, SMB customers experience some unique challenges, including resource and infrastructure constraints that can hinder the success of their product development initiatives. Windchill provides an optimal solution for overcoming these obstacles with an enterprise class tool that offers powerful capabilities for content management and collaboration with the scalability needed to support a company’s ongoing requirements.
In the UK, PTC’s growth in the SMB sector is strongly supported through its reseller channel. “We are seeing a significant increase in the sales of the Windchill solution,” said Roger French, Managing Director, Root Solutions. “Most recently, Park Air Electronics replaced their incumbent data management system with Windchill to provide better integration within the company’s infrastructure and accelerate product development.”
Another good sign of recovery for the UK economy has been the increased sales of PTC’s 3D software, Pro/ENGINEER – a core product design solution for the SMB space. “We have seen a steady increase in Pro/ENGINEER sales during the last three months,” continued French. “Customers such as Allan Gearing Solutions and Ultima Displays have implemented Pro/ENGINEER as their product development platform.”
Richard Allan, NER & South Africa Channel Director, PTC comments: “The SMB sector is a very important part of PTC’s business, particularly in the UK and Irish markets, which have a high concentration of small to medium-size businesses. Throughout the economic downturn, we have seen accelerated investment in IT. Companies today understand that investing in the best 3D and PLM technology now will allow them to outpace competition and overcome the economic challenges.”
PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company’s PLM and CAD solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Retail & Consumer and Medical industries are able to support key business objectives and create innovative products that meet customer needs and comply with industry regulations. For more information on PTC, please visit http://www.ptc.com.
The announcement of any particular selection of PTC software is not necessarily indicative of the timing of recognition of revenue there from or the level of revenue for any particular period. In addition, in many cases PTC’s software must be successfully implemented and deployed to enable the customer to achieve its business objectives. The announcement of a customer’s selection of PTC software does not indicate that applicable implementation and deployment activities are complete.
PTC and its logo, The Product Development Company, and Windchill are trademarks or registered trademarks of Parametric Technology Corporation and/or its subsidiaries in the United States and in other countries