PTC revenue from desktop products, primarily Pro/Engineer, have been slow for almost a decade. Will Creo turn things around? By L. Stephen Wolfe, P.E. The forthcoming release of Creo marks the third development phase of Parametric Technology Corporation’s venerable Pro/Engineer CAD software. The second phase began with the announcement of Wildfire in 2001, which was PTC’s … [Read more...] about PTC Creo 1.0: Breakthrough technology?
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PTC desktop revenue up 40% in second quarter
Net income was up 111% from a year earlier. Cash on hand is back in its normal range. PTC (Nasdaq: PMTC) saw sales of its desktop products (including the former Pro/Engineer) spike by 40% in second quarter results posted today. Revenue for the quarter, ending April 2, 2011, was in line with previous guidance at $269.2 million. Net income for the quarter was $19 million, up … [Read more...] about PTC desktop revenue up 40% in second quarter
PTC’s upturn continues
New product sales rose dramatically but the company took a net loss of $13.4 million in the quarter due to tax issues involved with income repatriation, and a lawsuit settlement in Japan. By L. Stephen Wolfe, P.E. Contributing Analyst The sales rebound at Parametric Technology Corporation (NASDAQ: PMTC) continued in the fourth quarter of fiscal 2010, ending September 30, … [Read more...] about PTC’s upturn continues