Investor Update Webcast
PTC is hosting an investor update event in conjunction with its annual PTC User Group conference. The investor update will be webcast.
When: Monday, June 7, 2010 at 2:30 p.m. Eastern Time
Webcast: www.ptc.com/for/investors.htm
Replay: To access the replay via webcast, please visit www.ptc.com/for/investors.htm.
Important Information About Non-GAAP References
PTC provides guidance on both a GAAP and a non-GAAP basis. Non-GAAP operating margin and non-GAAP EPS exclude stock-based compensation expense, amortization of acquired intangible assets, and the related tax effects of the preceding items and any one-time tax items. PTC provides non-GAAP information to facilitate period-to-period comparisons of its operational performance by adjusting for certain non-cash and other expenses. We believe that providing non-GAAP measures affords investors a view of our operating results that may be more easily compared to peer companies. PTC management also uses non-GAAP financial information to evaluate, manage and plan our business because the information provides additional insight into ongoing financial performance by excluding items that are not, in our view, indicative of our core operating results. In addition, compensation of our executives is based in part on the performance of our business based on these non-GAAP measures. However, non-GAAP information should not be construed as an alternative to GAAP information because the items excluded from the non-GAAP measures often have a material impact on PTC’s financial results. Management uses, and investors should use, non-GAAP measures in conjunction with our GAAP results.
Forward-Looking Statements
Statements in this press release that are not historic facts, including statements about our fiscal 2010 and other future financial and growth expectations, anticipated tax rates, the expected impact of our planned strategic investments on our future growth, and the long-term prospects for PTC are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks include the possibility that customers may not purchase our solutions when or at the rates we expect, the possibility the foreign currency exchange rates may vary from our expectations and thereby affect our reported revenue and expense, the possibility that we may not achieve the license growth rates that we expect, which could result in a different mix of revenue between license, service and maintenance and could impact our EPS results, the possibility that we will experience a shortfall in revenue that causes us to decrease or eliminate planned strategic investments in our business, and the possibility that any strategic investments that we do make may not have the effects that we expect. In addition, our assumptions concerning our future GAAP and non-GAAP effective income tax rates are based on estimates and other factors that could change, including the geographic mix of our revenue, expenses and profits and loans and cash repatriations from foreign subsidiaries. Other risks and uncertainties that could cause actual results to differ materially from those projected are detailed from time to time in reports we file with the Securities and Exchange Commission, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.
PTC, The Product Development Company, and all other PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries.
About PTC ( www.ptc.com)
PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company’s PLM and CAD and related solutions, organizations in the Industrial, High-Tech, Aerospace/Defense, Automotive, Retail/Consumer and Life Sciences industries are able to support key business objectives such as reducing costs and shortening lead times while creating innovative products that meet customer needs and comply with industry regulations.
Contact:
PTC
Kristian Talvitie, 781-370-6151
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