PTC Provides Preliminary Q1 FY’09 Results

8 January 2009 | News | Source: PTC

NEEDHAM, MA — January 8, 2009 -- PTC (Nasdaq: PMTC), The Product Development Company®, today provided preliminary financial results for its fiscal first quarter ended January 3, 2009.

Highlights

  • Q1 non-GAAP Results: Revenue of $240 million with EPS of $0.14 to $0.16
  • Q1 GAAP Results: Revenue of $240 million with EPS of $0.03 to $0.05

The preliminary Q1 non-GAAP results exclude approximately $10.5 million of stock-based compensation expense, $8.5 million of acquisition-related intangible asset amortization expenses and $6.2 million of related income tax effects.

C. Richard Harrison, president and chief executive officer, commented, “The global economic situation has impacted our financial results for Q1.  Revenue for Q1’09 of $240 million is essentially flat with Q1’08.  On an organic constant currency basis, our Q1’09 revenue is down approximately $6 million, or 3%, compared to Q1’08.  Our maintenance and services businesses continued to perform well in this environment, with the shortfall in Q1 revenue relative to our guidance of $250 to $260 million due to reduced license sales in all of our major geographies.”

The preliminary Q1 results include a non-GAAP tax provision rate of 22%, a GAAP tax benefit rate of 59% and approximately 117 million diluted shares outstanding.

PTC expects to announce final Q1 results on Tuesday, January 27, 2009 after the market closes and to host a conference call / webcast before the market opens on Wednesday, January 28, 2009. 

 

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