Needham/USA – 21. Juli 2004 - PTC gibt für das dritte Quartal des Geschäftsjahres 2004, das am 3. Juli endete, einen Umsatz von insgesamt 168,4 Millionen Dollar bekannt. Im gleichen Vorjahreszeitraum lag der Umsatz bei 165,2 Millionen Dollar. Gegenüber dem zweiten Quartal 2004 mit einem Umsatz von 164,7 Millionen Dollar stiegen die Umsätze um zwei Prozent.
Im dritten Quartal 2004 erzielte das Unternehmen einen Nettogewinn von 16,1 Millionen Dollar oder 0,06 Dollar Gewinn pro Aktie. Im gleichen Vorjahreszeitraum verzeichnete PTC noch einen Nettoverlust von 33,8 Millionen Dollar oder einen Nettoverlust von 0,13 Dollar pro Aktie.
Die Highlights des dritten Quartals 2004:
- Der Windchill-Umsatz betrug 46,8 Millionen Dollar, was eine Steigerung von zwölf Prozent gegenüber dem zweiten Quartal (41,7 Mio Dollar) bedeutet.
- PTC erzielte einen Umsatz von 81,4 Millionen Dollar im Bereich Wartungsleistungen - im Vergleich zum Vorjahr ist das eine Steigerung von 6,5 Prozent, im Vergleich zum letzten Quartal von 2,0 Prozent.
- Barmittel und Investitionen stiegen um 16 Prozent auf 257,7 Millionen Dollar zum Ende des dritten Quartals. Im zweiten Quartal betrugen Barmittel und Investitionen 221,7 Millionen Dollar.
- PTC erhielt Aufträge von führenden Unternehmen wie Air France Industries, Boeing Company, Chrysler Corporation, DBT GmbH, Eni S.p.A., Fraunhofer Gesellschaft, Hino Motors, Komatsu, LG Electronics, Otis Elevator Company, Tenneco Automotive, Toyota Motor Corporation sowie von der US-Army.
Zusammenfassend lässt sich sagen, dass PTC finanziell stabil ist und wachsende Umsätze erzielt. Das Unternehmen konnte in den vergangenen zwei Quartalen seine Bilanz substanziell verbessern und zeichnet sich sowohl durch stetige Umsatzzuwächse als auch durch eine gute Barmittel-Position bei gleichzeitig sinkenden Kosten aus.
Das dritte Quartal signalisiert PTCs Rückkehr in die Gewinnzone. Das Unternehmen erzielte einen Quartalsüberschuss von 0,06 Dollar pro Aktie im Vergleich zu einem Verlust in Höhe von 0,13 Dollar pro Aktie im Vorjahreszeitraum.
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PTC Reports Fiscal 2004 Third Quarter Results
Company Drives Significant Growth in Net Income and Cash Position
NEEDHAM, Mass., July 21, 2004 – PTC (Nasdaq: PMTC), the product development companyÔ, today reported revenue totaling $168.4 million for the third quarter ended July 3, 2004, up 2% from $165.2 million for the same period last year. Revenue also grew 2% sequentially, from $164.7 million in the second quarter of fiscal 2004.
Net income for the third quarter was $16.1 million, or $0.06 per diluted share, compared with a net loss of $33.8 million, or a loss of $0.13 per share, in the year-ago period. On a sequential basis, net income improved from $3.2 million, or $0.01 per diluted share, in the second quarter of 2004. The third quarter net income includes restructuring charges of $3.5 million, compared with restructuring and other charges of $15.1 million in the year-ago period, and restructuring and other charges of $16.7 million in the second quarter of 2004. Cash and investments grew 16% sequentially to $257.7 million at the end of the third quarter, from $221.7 million at the end of the second quarter.
Solid execution has resulted in significant earnings improvement and a return to year-over-year revenue growth,” said C. Richard Harrison, president and chief executive officer. “The work we’ve done to bring exciting new products to market, combined with significant restructuring of our distribution and services delivery models, has enabled us to improve our third quarter net income by nearly $50 million year-over-year. We are proud of this performance and of the dedication of PTC employees who helped achieve these results.”
Total design solutions revenue for the third quarter was $121.6 million, compared to $123.0 million in the second quarter. Design solutions license revenue was $35.9 million, down from $38.0 million in the second quarter due to fewer large transactions. Design solutions maintenance revenue continued to grow, a positive indicator of the success of Pro/ENGINEER Wildfire in the existing customer base.
Total Windchill revenue in the third quarter grew 12% sequentially to $46.8 million, from $41.7 million in the second quarter. Windchill license revenue was $16.5 million, up 27% from $12.9 million in the prior quarter. Windchill Link solutions license revenue represented 44% of overall Windchill license revenue. Improved revenue performance from consulting services and maintenance contracts also contributed to the total Windchill growth during the quarter.
In the third quarter, PTC received orders from leading manufacturing organizations such as Air France Industries, Boeing Company, Chrysler Corporation, DBT GmbH, Eni S.p.A., Fraunhofer Gesellschaft, Hino Motors, Komatsu, LG Electronics, Otis Elevator Company, Tenneco Automotive, Toyota Motor Corporation and the United States Army. Additionally, orders from our reseller channel resulted in $13.4 million in license revenue during the quarter, a 6% sequential decline, but a 39% year-over-year increase.
“We have shown steady improvements in our financial and operating results and have performed well in each quarter of Fiscal 2004 to date,” continued Harrison. “We are on track to achieve our longer-term goal of operating margins in excess of 20%. I am confident in our ability to grow our revenue to reach this goal by leveraging our industry-leading solutions in the growing PLM market, and by focusing on strategic corporate development opportunities.”
Fourth Quarter 2004 Financial Outlook
PTC’s revenue forecast for the fourth quarter of fiscal 2004 is between $165 million and $172 million. Total operating expense is expected to be approximately $145 million. The Company expects earnings per share on a GAAP basis to be between $0.05 and $0.08.
The Company will provide detailed financial information and an outlook update on its third quarter results conference call and live webcast on July 21, 2004 at 10 a.m. ET. This earnings press release and accompanying financial and operating statistics will be accessible prior to the conference call and webcast on the Company’s web site at www.ptc.com/for/investors.htm. In addition, the live webcast may be accessed at the same Web address. To access the live call, please dial 888-970-4169 (in the U.S.) or +1-312-470-7002 (international). Please use passcode PTC. A replay of the call will be available until 5:00 p.m. ET on July 26, 2004. To access the replay via webcast, please visit www.ptc.com/for/investors.htm. To access the replay by phone, please dial 203-369-1778.
The Company’s unaudited consolidated statements of operations, the unaudited condensed consolidated balance sheets, and the unaudited condensed consolidated statements of cash flows for the third quarter are attached.
Im dritten Quartal 2004 erzielte das Unternehmen einen Nettogewinn von 16,1 Millionen Dollar oder 0,06 Dollar Gewinn pro Aktie. Im gleichen Vorjahreszeitraum verzeichnete PTC noch einen Nettoverlust von 33,8 Millionen Dollar oder einen Nettoverlust von 0,13 Dollar pro Aktie.
Die Highlights des dritten Quartals 2004:
- Der Windchill-Umsatz betrug 46,8 Millionen Dollar, was eine Steigerung von zwölf Prozent gegenüber dem zweiten Quartal (41,7 Mio Dollar) bedeutet.
- PTC erzielte einen Umsatz von 81,4 Millionen Dollar im Bereich Wartungsleistungen - im Vergleich zum Vorjahr ist das eine Steigerung von 6,5 Prozent, im Vergleich zum letzten Quartal von 2,0 Prozent.
- Barmittel und Investitionen stiegen um 16 Prozent auf 257,7 Millionen Dollar zum Ende des dritten Quartals. Im zweiten Quartal betrugen Barmittel und Investitionen 221,7 Millionen Dollar.
- PTC erhielt Aufträge von führenden Unternehmen wie Air France Industries, Boeing Company, Chrysler Corporation, DBT GmbH, Eni S.p.A., Fraunhofer Gesellschaft, Hino Motors, Komatsu, LG Electronics, Otis Elevator Company, Tenneco Automotive, Toyota Motor Corporation sowie von der US-Army.
Zusammenfassend lässt sich sagen, dass PTC finanziell stabil ist und wachsende Umsätze erzielt. Das Unternehmen konnte in den vergangenen zwei Quartalen seine Bilanz substanziell verbessern und zeichnet sich sowohl durch stetige Umsatzzuwächse als auch durch eine gute Barmittel-Position bei gleichzeitig sinkenden Kosten aus.
Das dritte Quartal signalisiert PTCs Rückkehr in die Gewinnzone. Das Unternehmen erzielte einen Quartalsüberschuss von 0,06 Dollar pro Aktie im Vergleich zu einem Verlust in Höhe von 0,13 Dollar pro Aktie im Vorjahreszeitraum.
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PTC Reports Fiscal 2004 Third Quarter Results
Company Drives Significant Growth in Net Income and Cash Position
NEEDHAM, Mass., July 21, 2004 – PTC (Nasdaq: PMTC), the product development companyÔ, today reported revenue totaling $168.4 million for the third quarter ended July 3, 2004, up 2% from $165.2 million for the same period last year. Revenue also grew 2% sequentially, from $164.7 million in the second quarter of fiscal 2004.
Net income for the third quarter was $16.1 million, or $0.06 per diluted share, compared with a net loss of $33.8 million, or a loss of $0.13 per share, in the year-ago period. On a sequential basis, net income improved from $3.2 million, or $0.01 per diluted share, in the second quarter of 2004. The third quarter net income includes restructuring charges of $3.5 million, compared with restructuring and other charges of $15.1 million in the year-ago period, and restructuring and other charges of $16.7 million in the second quarter of 2004. Cash and investments grew 16% sequentially to $257.7 million at the end of the third quarter, from $221.7 million at the end of the second quarter.
Solid execution has resulted in significant earnings improvement and a return to year-over-year revenue growth,” said C. Richard Harrison, president and chief executive officer. “The work we’ve done to bring exciting new products to market, combined with significant restructuring of our distribution and services delivery models, has enabled us to improve our third quarter net income by nearly $50 million year-over-year. We are proud of this performance and of the dedication of PTC employees who helped achieve these results.”
Total design solutions revenue for the third quarter was $121.6 million, compared to $123.0 million in the second quarter. Design solutions license revenue was $35.9 million, down from $38.0 million in the second quarter due to fewer large transactions. Design solutions maintenance revenue continued to grow, a positive indicator of the success of Pro/ENGINEER Wildfire in the existing customer base.
Total Windchill revenue in the third quarter grew 12% sequentially to $46.8 million, from $41.7 million in the second quarter. Windchill license revenue was $16.5 million, up 27% from $12.9 million in the prior quarter. Windchill Link solutions license revenue represented 44% of overall Windchill license revenue. Improved revenue performance from consulting services and maintenance contracts also contributed to the total Windchill growth during the quarter.
In the third quarter, PTC received orders from leading manufacturing organizations such as Air France Industries, Boeing Company, Chrysler Corporation, DBT GmbH, Eni S.p.A., Fraunhofer Gesellschaft, Hino Motors, Komatsu, LG Electronics, Otis Elevator Company, Tenneco Automotive, Toyota Motor Corporation and the United States Army. Additionally, orders from our reseller channel resulted in $13.4 million in license revenue during the quarter, a 6% sequential decline, but a 39% year-over-year increase.
“We have shown steady improvements in our financial and operating results and have performed well in each quarter of Fiscal 2004 to date,” continued Harrison. “We are on track to achieve our longer-term goal of operating margins in excess of 20%. I am confident in our ability to grow our revenue to reach this goal by leveraging our industry-leading solutions in the growing PLM market, and by focusing on strategic corporate development opportunities.”
Fourth Quarter 2004 Financial Outlook
PTC’s revenue forecast for the fourth quarter of fiscal 2004 is between $165 million and $172 million. Total operating expense is expected to be approximately $145 million. The Company expects earnings per share on a GAAP basis to be between $0.05 and $0.08.
The Company will provide detailed financial information and an outlook update on its third quarter results conference call and live webcast on July 21, 2004 at 10 a.m. ET. This earnings press release and accompanying financial and operating statistics will be accessible prior to the conference call and webcast on the Company’s web site at www.ptc.com/for/investors.htm. In addition, the live webcast may be accessed at the same Web address. To access the live call, please dial 888-970-4169 (in the U.S.) or +1-312-470-7002 (international). Please use passcode PTC. A replay of the call will be available until 5:00 p.m. ET on July 26, 2004. To access the replay via webcast, please visit www.ptc.com/for/investors.htm. To access the replay by phone, please dial 203-369-1778.
The Company’s unaudited consolidated statements of operations, the unaudited condensed consolidated balance sheets, and the unaudited condensed consolidated statements of cash flows for the third quarter are attached.
