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by Chris Chiappinelli, MA Editorial Staff Posted on Friday, July 27, 2007 4:51:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Despite the shortfall in new license sales, both product lifecycle management providers post revenue and earnings gains in the shadow of recent market consolidation. |
| Keywords: | PTC, Dassault, earnings report, new license sales, product lifecycle management, PLM software, product data management, new product introductions, UGS, Siemens, Oracle, Agile |
The fates of two of the biggest players in the product lifecycle management market appeared intertwined in their recently closed quarters, as both PTC Corp. and Dassault Systemes saw license revenues fall, but managed single-digit growth in overall revenue as well as earnings increases. PTC announced this week that in its third quarter, ended June 30, license revenue fell 5% year over year to $62.1 million. Record maintenance revenue — up 15% to $103 million — salvaged the overall numbers, allowing PTC to eek out a 4% revenue gain to $225 million. GAAP-based operating income jumped 47% to $19.8 million, boosted mainly by lower stock-based executive compensation due to lower-than-expected sales. Contributing to the license shortfall in the quarter were a 4% drop-off in North American sales and a 3% decline in Asia. Only a strong performance in the European market, which yielded 20% higher revenue year over year, kept the top line pointed upward. [Click to continue] |
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