PTC Finances Improve

Healthy CAD vendors mean a healthy CAD industry.

Each quarter (every three months), Parametric Technology is always the first publically-owned CAD vendor to report its financial results. The good news is the perennial money-loser finally made a profit, even after spending US$16.7 million on "restructuring charges" (the polite way of saying "layoffs" and "shutdowns").

The hard numbers:

Q2 Revenue = $164.7 million ($171.0m a year ago; $156.8m last quarter).
Net Income = $3.2 million (net loss of $15.2m a year ago; net loss of $26.5 million last quarter).
Cash in the bank = $221.7 million

It expects similar results for the next quarter, with revenue between $160 million and $170 million.