PTC Announces Q1 Results Issues Q2 Guidance and Full Fiscal Year

PTC Announces Q1 Results Issues Q2 Guidance and Full Fiscal Year 2009 Targets

PARAMETRIC TECHNOLOGY CORPORATION
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)

	Three Months Ended
	January 3,			December 29,
	2009			2007
Revenue:
License	$	50,502		$	70,975
Service		189,889			170,267
Total revenue		240,391			241,242

Costs and expenses:
Cost of license revenue ⁽¹⁾		7,584			4,805
Cost of service revenue ⁽¹⁾		75,741			70,980
Sales and marketing ⁽¹⁾		79,862			71,028
Research and development ⁽¹⁾		48,361			41,548
General and administrative ⁽¹⁾		21,437			23,551
Amortization of acquired intangible assets		3,868			2,893
In-process research and development		--			1,887
Restructuring charges		--			9,685
Total costs and expenses		236,853			226,377

Operating income		3,538			14,865
Other income (expense), net		(1,071	)		1,606
Income before income taxes		2,467			16,471
Provision for (benefit from) income taxes		(2,192	)		6,591
Net income	$	4,659		$	9,880
Earnings per share:
Basic	$	0.04		$	0.09
Weighted average shares outstanding		114,555			113,680
Diluted	$	0.04		$	0.08
Weighted average shares outstanding		117,356			118,087