NEEDHAM, MA – PTC, the Product Development Company, reported revenue of $266.7 million for the fourth quarter, up 9% year-over-year.
Total license revenue was $96.1 million, up 14% year-over-year.
For 2007, PTC reported revenue of $941.5 million, up 10% from 2006.
Total license revenue for 2007 was $296.1 million, up 12% year-over-year.
“We executed well in the fourth quarter and delivered good results for the year,” said C. Richard Harrison, president and CEO. “In particular, our non-GAAP operating margin of 24% for the fourth quarter contributed to our ability to deliver substantial margin growth for the full year. Additionally, sales of our Enterprise Solutions continue to significantly outpace market growth. Finally, we delivered outstanding results in Europe in 2007 ... ”
PTC’s revenue forecast for the first quarter of fiscal 2008 is between $230 million and $240 million.
Additionally, PTC announced its intent to acquire CoCreate Software, GmbH for $250 million. The transaction value represents approximately 3.1 times CoCreate’s total revenue and 4.6 times its maintenance revenue.
The acquisition is expected to close in December, subject to customary conditions, including regulatory approval. No other terms were disclosed.