TAMPA BAY, Florida (PTC Media and Analyst Event) June 4, 2007 -- CEO C. Richard Harrison is addressing the gathered press and analysts. Dick, as he is known, is still high from addressing the users earlier, as the annual user meeting is occurring simultaneously.
PTC claims its products are being bought at a much higher rate than the market at large. (click for larger picture)
Highlights of DIck's presentation include:
- Long term goal: $1.5 billion and 22% operating margin by 2010
- PTC claims it is growing its "desktop solutions" (Pro/ENGINEER and similar) at 3 times industry rate.
- Its "enterprise solutions" (Windchill) is growing at 2 times industry rate.
- PTC has been on a bit of a buying spree with 10 acquisitions in last 3 years. It recently announced buying NC Graphics (see press release). Dick mentions others, too: Arbortext, Matchcad..., which are cited as "best in class solutions."
- The market is going through changes, which Dick cites as opportunity for PTC. Specifically, he is talking about changes in the Dassault/IBM relationship, Unigraphics being acquired by Siemens, MatrixOne, Agile. "Our competitors are in a state of flux."
- Organic growth [as opposed to growth by acquisition] of 10-12% per year is forecasted. "Our organic growth rate is better than any of our competitors." Dick feels like this is sustainable.
- More acquisitions are being planned
- There are 800,000 users of PTC software
- Record maintenance revenue of $400M in FY07. It is now 43% of annual revenue.
- PTC #1 share in China, sales there were up 52% last year
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