View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 1, 2009

PTC Q2 profit plummets 62%

License revenue fell 46% to $42.07m

By CBR Staff Writer

Product lifecycle management software vendor PTC has reported a 62% decline in net income to $7.17m for the second quarter 2009, compared to net income of $18.84m in the year-ago quarter, on revenue down 13% at $225.29m.

It made an operating loss of $1.42m compared to operating profit of $31.03m in the same period last year. Diluted EPS was $0.06 compared to $0.16 in the year-ago quarter. The company said license revenue fell 46% to $42.07m, and services revenue grew 2% to $183.22m.

For the six-month period, the company reported a 59% decline in net income to $11.83m compared to $28.72m a year ago, on revenue down 7% at $499.03m.

Neil Moses, CFO at PTC, said: Our Q2 operating margins and EPS were stronger than expected primarily due to revised bonus plans, earlier than anticipated execution on the restructuring activities we acted on during the quarter, as well as some favorable impact from currency movements.

Looking ahead to the third quarter the company expects revenue between $220m and $230m and non-GAAP EPS between $0.12 and $0.18. For fiscal 2009 it expects revenue to be approximately $940m and non-GAAP EPS of approximately $0.80.

Content from our partners
How to turn the evidence hackers leave behind against them
Why food manufacturers must pursue greater visibility and agility
How to define an empowered chief data officer

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.