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by Beth Stackpole, Contributing Editor
Posted on Friday, July 28, 2006 4:00:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    Despite global volatility on both economic and political fronts, manufacturers are readily making investments in product lifecycle management (PLM) systems, as illustrated by better-than-expected quarterly financial results posted by two of the category's leaders: PTC and Dassault Systemes. PTC (Needham, MA), which is staging an earnings and market share comeback, logged its highest total license and revenue quarter in the last five years. For the third fiscal quarter ended July 1, 2006, PTC reported a 20% boost in revenue to $216.7 million, up from $180.3 million, with GAAP (generally accepted accounting principles) net income of $16.9 million. GAAP net income for the third fiscal 2005 quarter was $26.7 million, but those results were reported prior to a change in PTC's accounting practices, and thus do not include the cost of stock-based compensation and other factors which impacted the 2006 results, officials said. PLM rival Dassault (Paris) continued its strong financial showing for the year, enjoying a GAAP revenue spike of 29% for its second fiscal 2006 quarter, ended June 30, jumping to €280 million from the €217.3 million posted in the similar 2005 period. Dassault's GAAP net income was €29.4 million, down from €37.8 million a year ago. On a non-GAAP basis, Dassault's revenue grew 32% during the quarter to €286 million compared to the like period last year. Non-GAAP net income for the quarter was €43.4 million. [Click to continue] |
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