PTC Provides Preliminary Q1 FY’09 Results

NEEDHAM, Mass.—(BUSINESS WIRE)—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. Details below.

Q1 Earnings Conference Call and Webcast

What:

  PTC Fiscal Q1 Conference Call and Webcast
 

IMPORTANT: Supplemental financial and operating metric information and prepared remarks with respect to the conference call will be posted to the investor relations section of our website simultaneous to the press release after the market closes on Tuesday, January 27. The prepared remarks will not be read live; the call will be primarily Q&A.

 

When:

Wednesday, January 28, 2009 at 8:30 a.m. Eastern Time
Dial-in: 1-888-566-8560 or 1-517-623-4768
Call Leader: Richard Harrison

Passcode:

PTC
 

Webcast:

http://www.ptc.com/for/investors.htm

 

Replay:

The audio replay of this event will be archived for public replay until 4:00 pm on February 2, 2009 at 1-866-434-5264 or 1-203-369-1006. To access the replay via webcast, please visit http://www.ptc.com/for/investors.htm .

 


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