Business News
PTC Provides Preliminary Q1 FY09 Results
Thursday 08. January 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 Q109 of $240 million is essentially flat with Q108. On an organic constant currency basis, our Q109 revenue is down approximately $6 million, or 3%, compared to Q108. 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.