PTC Closing in on $1 Billion Annual Revenue (Cadalyst Daily Archives)1 Nov, 2006 By: Sara Ferris
Company brings in $855 million for 2006, calling it 'an exceptional year'
PTC yesterday announced strong revenue growth for fiscal year 2006, and appears well on its way to reaching its goal of $1 billion in annual revenue by 2008. For fiscal year 2006, PTC recorded total revenue of $854.9 million, a 19% increase over the previous year's total of $721 million. The reseller channel contributed $171.5 million to the total, up 24%.
"Fiscal 2006 was an exceptional year marked by customer success and strong financial results," said C. Richard Harrison, president and chief executive officer.
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