PTC reports Q3 revenues of $77.6 million, up 25% over a year ago (based on GAAP accounting) -- up 86% in Japan. (North American sales were up just 4%.) Details here.
The company credits:
- New revenues from CoCreate (acquired last November 30).
- Organic growth (natural growth, excluding acquistions).
- Favorable currency impact (low US$).
It's not exactly clear from the post what is meant by "favourable currency impact". Is this the increase in revenue from overseas sales simply buying more dollars, or a reduction in price of the software giving rise to increased sales? Somehow I think the former! Once again a reason for MCAD companies to continue unfair pricing policies to non USA users - they make even more dollars.
Posted by: Kevin Quigley | Jul 24, 2008 at 01:23 PM
It is due to the weakness of the US dollar, which is par with the Canadian dollar and 60% weaker than the Euro.
For US firms, this means they are raking in millions in extra profits due to their exchange rate advantage.
For international customers, this means they are overpaying millions due to their exchange rate disadvantage.
Posted by: ralphg | Jul 24, 2008 at 01:59 PM
before we join in that 'wow' - what are their expenses? How much of that 25% is weak dollar?
In other words, how much of that 25% is real, and how much is smoke and mirrors?
Posted by: | Jul 25, 2008 at 05:54 AM
It is real like a Christmas bonus. You actually have the extra money, but you can't count on getting it next year.
Posted by: ralphg | Jul 25, 2008 at 07:55 AM