PTC Announces Q1 Results Issues Q2 Guidance and Full Fiscal Year 2009 Targets
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PARAMETRIC TECHNOLOGY CORPORATION
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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
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(in thousands, except per share data)
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Three Months Ended
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January 3,
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December 29,
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2009
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2007
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Revenue:
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License
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$
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50,502
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$
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70,975
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Service
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189,889
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170,267
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Total revenue
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240,391
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241,242
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Costs and expenses:
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Cost of license revenue (1)
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7,584
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4,805
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Cost of service revenue (1)
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75,741
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70,980
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Sales and marketing (1)
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79,862
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71,028
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Research and development (1)
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48,361
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41,548
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General and administrative (1)
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21,437
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23,551
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Amortization of acquired intangible assets
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3,868
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2,893
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In-process research and development
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--
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1,887
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Restructuring charges
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--
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9,685
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Total costs and expenses
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236,853
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226,377
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Operating income
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3,538
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14,865
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Other income (expense), net
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(1,071
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)
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1,606
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Income before income taxes
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2,467
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16,471
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Provision for (benefit from) income taxes
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(2,192
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)
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6,591
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Net income
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$
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4,659
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$
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9,880
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Earnings per share:
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Basic
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$
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0.04
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$
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0.09
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Weighted average shares outstanding
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114,555
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113,680
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Diluted
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$
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0.04
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$
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0.08
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Weighted average shares outstanding
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117,356
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118,087
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