Two PLM providers today revealed revenue growth in their most recent fiscal quarters despite global economic turbulence, and in one case, acquisition rumors.
Parametric Technologies Corp. (PTC), which reportedly put itself on the block last month, boasted record revenue for its fiscal fourth quarter and full year, which grew 12% and 14% year-over-year, respectively. Meanwhile, competitor Dassault Systemes reported a moderate 6% year-over-year increase in revenue for its fiscal third quarter. Both periods ended Sept. 30.
Dassault reported non-GAAP net income of € 58.7 million on revenue of € 319.7 million for its Q3. That compares with income of € 46.7 million on € 301.3 million in sales for the same period last year.
For its part, U.S.-based PTC recorded net income of $36.5 million on sales of $299.5 million for its fiscal fourth quarter. In the same period last year, the company reported $30.6 million in net income on $266.6 million in sales.