NEEDHAM, MA – PTC, a supplier of product lifecycle management software, reported revenue of $195.1 million for the fourth fiscal quarter ending Sept. 30, 2005, up 15% from $170.1 million for the same period last year.
For the fiscal year, revenue grew 9% to $720.7 million, compared to $660 million in fiscal 2004.

For the quarter, GAAP net income was $17.3 million, down from $42 million in the year-ago period. Non-GAAP net income for the fourth quarter was $24.5 million, dropping from $25.4 million for the fourth quarter of 2004. Non-GAAP income excludes restructuring charges, stock-based compensation, acquisition-related amortization, in-process research and development, and their related tax effects.

PTC forecasts revenue of between $190 million and $195 million for the first quarter of fiscal 2006.

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