Business News
PTC Announces Record Q4 and Full Fiscal 2008 Revenue
Monday 03. November 2008 - PTC (Nasdaq: PMTC - News), The Product Development Company, today reported results for its fiscal fourth quarter and year ended September 30, 2008.
Highlights
Q4 non-GAAP Results: Revenue of $300.2 million and EPS of $0.45
Q4 GAAP Results: Revenue of $299.5 million and EPS of $0.31
FY 2008 non-GAAP Results: Revenue of $1,075 million with EPS of $1.36
· FY 2008 GAAP Results: Revenue of $1,070 million with EPS of $0.68
Q1 non-GAAP Guidance: Revenue of $250 to $260 million with EPS of $0.23 to $0.29
Q1 GAAP Guidance: Revenue of $250 to $260 million with EPS of $0.11 to $0.17
FY 2009 non-GAAP Target: Revenue of $1,100 million with EPS of $1.35 to $1.40
FY 2009 GAAP Target: Revenue of $1,100 million with EPS of $0.85 to $0.90
Q4 Results
C. Richard Harrison, president and chief executive officer, commented, “We achieved record revenue in our fourth quarter and full fiscal year. Our non-GAAP year-over-year revenue growth was 13% in the fourth quarter and 14% for the full year, reflecting contribution from the CoCreate Software business acquired on November 30, 2007, favorable currency impact and organic growth. Importantly, we achieved $502 million in non-GAAP maintenance revenue in FY08, which is largely a recurring revenue stream, and our reseller channel delivered 39% year-over-year growth.” GAAP year-over-year revenue growth was 12% for the fourth fiscal quarter and 14% for the full year. GAAP maintenance revenue was $498 million. Non-GAAP revenue and non-GAAP maintenance revenue exclude the effect of purchase accounting on the acquired deferred maintenance revenue balance of CoCreate of approximately $1 million in the fourth quarter and $5 million for the full year.