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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'


Manufacturing
 

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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About the Author: Sara Ferris