PTC announces Q4 Results
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE PTC has reported results for its fourth fiscal quarter and year ended September 30, 2011. The Q4 non-GAAP revenue results exclude a $1.9 million effect of purchase accounting on the fair value of the acquired deferred maintenance balance of MKS Inc. The Q4 non-GAAP EPS results exclude $12.9 million of stock-based compensation expense, $10.2 million of acquisition-related intangible asset amortization, $1.1 million of acquisition-related expense and $7.7 million of income tax adjustments. The Q4 non-GAAP EPS results include a tax rate of 24% and 120 million diluted shares outstanding. The Q4 GAAP EPS results include a tax rate of 21% and 120 million diluted shares outstanding. James Heppelmann, President & CEO, said, "PTC had a very strong finish to FY'11, with record Q4 non-GAAP revenue and non-GAAP EPS both exceeding the high-end of our guidance range. Our licence revenue of $111.0 million was up 25% on a year-over-year basis, ...