Schnitger Corporation

PTC sees tough June quarter but also signs of improvement

PTC last week told investors that it is seeing "some softness in services and a ‘hangover’ in
maintenance" — but also a sequential improvement in license revenue in its fiscal third
quarter. In total, the company expect to report Q3 revenue at the low end of its earlier range
of $220 million to $230 million. This news caused PTC’s share price to drop 3% on the day
of the announcement; shares ultimately rebounded to close slightly higher by the end of the
week. Looking further ahead, PTC expects revenue growth to accelerate to the mid-teens in
fiscal 2011 (starting October 2010). More to come …

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