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PTC Q2 Revenue and Net Rise

By Eric Volkman - Apr 24, 2013 at 6:45PM

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The company improves on both the top and bottom lines.

PTC (PTC 3.57%) results for the company's Q2 have been released. For the quarter, non-GAAP revenue was just under $315 million, which bettered the $302 million the company posted in the same period the previous year. Net profit also saw an increase, advancing to $49.6 million ($0.41 per diluted share) from Q2 2012's $35.9 million ($0.30).

Analysts had expected revenue of $316 million and EPS of $0.35.

PTC also provided forward guidance. For its current Q3, revenue is anticipated to come in at $315 million-$330 million, with EPS of $0.40-$0.45. Those figures for fiscal 2013 are expected to be $1.31 billion-$1.32 billion and $1.70-$1.80, respectively.

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