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Parametric Technology New (PMTC) filed Annual Report for the period ended 2011-09-30.
Parametric Technology New has a market cap of $2.3 billion; its shares were traded at around $19.59 with a P/E ratio of 22.2 and P/S ratio of 2.2.
This is the annual revenues and earnings per share of PMTC over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of PMTC.
Highlight of Business Operations:
The results of operations of acquired businesses have been included in PTC’s consolidated financial statements beginning on their respective acquisition dates. These acquisitions added $26.8 million to our 2011 revenue ($29.4 million on a non-GAAP basis), less than $1 million of which was related to 4CS, and added $37.7 million of costs and expenses (including acquisition-related costs of $7.8 million and amortization of acquired intangible assets of $3.7 million), or $25.6 million on a non-GAAP basis. In 2012, these acquisitions are expected to add approximately $90 to $100 million in non-GAAP revenue (approximately $3 million less on a GAAP basis) and be slightly accretive to our non-GAAP EPS results, as operating profitability is offset by interest payments on the debt and investments we are making in the acquired businesses to capitalize on their long-term growth opportunity. MKS and 4CS revenue is classified as “Enterprise” revenue.The increase in revenue in the Americas in 2011 compared to 2010 consisted of a 5% ($6.4 million) increase in license revenue, a 22% ($17.3 million) increase in consulting and training service revenue and a 10% ($19.7 million) increase in maintenance revenue. The relatively low license revenue growth in 2011 was, in part, because the first half of 2010 included several particularly large Windchill transactions. Our direct revenue increased 12% ($38.4 million) and our indirect revenue increased 7% ($4.9 million) in 2011 compared to 2010.
The increase in revenue in 2011 compared to 2010 consisted of an increase in license revenue of 30% ($29.4 million), an increase in consulting and training service revenue of 24% ($21.2 million) and an increase in maintenance revenue of 13% ($27.4 million). The increase in license revenue reflects growth in license sales of Desktop products to large customers. Total Desktop and Enterprise license revenue increased 57% ($26.1 million) and 7% ($3.4 million), respectively, in 2011 compared to 2010. Our direct revenue increased 25% ($63.5 million) and our indirect revenue increased 10% ($14.5 million) in 2011 compared to 2010.
The increase in revenue in the Pacific Rim in 2010 compared to 2009 was primarily due to an increase of 44% ($18.8 million) in license revenue. Additionally, maintenance revenue increased 9% ($3.0 million). Revenue from customers in China increased 24% compared to 2009. Our direct revenue increased 15% ($12.6 million) and our indirect revenue increased 32% ($9.2 million) in 2010 compared to 2009. Revenue in the Pacific Rim in 2010 was favorably impacted by $2.7 million due to the impact of changes in foreign currency exchange rates.
Revenue in Japan in 2010 compared to 2009 reflects an increase of 29% ($4.5 million) in license revenue, partially offset by declines in maintenance revenue of 3% ($2.1 million) and in consulting and training service revenue of 14% ($2.5 million). Our direct revenue declined 4% ($2.4 million) and our indirect revenue increased 6% ($2.3 million) in 2010 compared to 2009. Revenue in Japan in 2010 was favorably impacted by $6.5 million due to the impact of changes in the Yen to U.S. Dollar exchange rate.
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