PTC Inc. announced that JATCO, has selected the PTC Global Software Development solution as the single software engineering platform for its transmission control systems. JATCO CVT8 accommodates 2.0-3.5 liter engines with the best in class range of gear ratios and 10% better fuel economy. As products become more software intensive, complexity increases, creating multiple challenges for many manufacturers, including JATCO. Software is an important component of JATCO's transmission control systems, helping to drive innovation, improve product capabilities, and enable more efficient product variation. JATCO quickly recognized the need to implement a single solution for managing all activities and assets across development disciplines and geographic boundaries to improve engineering process efficiency and drive more effective use of engineering assets. JATCO selected the PTC Global Development solution based on PTC Integrity to centrally manage data while maintaining the links between data, standardizing deliverables management and strengthening its change management processes.

PTC Inc. Presents at Jefferies 2013 Global Technology, Media and Telecom Conference, May-07-2013 01:30 PM. Venue: The Westin New York, Times Square Hotel, New York, New York, United States. Speakers: Jeffrey D. Glidden, Chief Financial Officer and Executive Vice President, Tim Fox, VP, IR.

PTC Inc. reported unaudited consolidated earnings results for the second quarter and six months ended March 30, 2013. For the quarter, the company reported total revenue of $313.949 million against $301.125 million a year ago. Operating income was $21.244 million against $6.903 million a year ago. Income before income taxes was $19.377 million against $3.936 million a year ago. Net income was $17.037 million or $0.14 per basic and diluted share against $3.569 million or $0.03 per basic and diluted share a year ago. Non-GAAP revenue was $314.609 million against $301.861 million a year ago. Non-GAAP operating income was $62.902 million against $50.640 million a year ago. Non-GAAP net income was $49.554 million or $0.41 per diluted share $35.894 million or $0.30 per diluted share a year ago. Net cash provided by operating activities was $82.796 million against $96.549 million a year ago. Capital expenditures were $5.033 million against $9.054 million a year ago. For the six months, the company reported total revenue of $633.700 million against $619.401 million a year ago. Operating income was $35.103 million against $39.408 million a year ago. Income before income taxes was $31.431 million against $33.798 million a year ago. Net income was $52.848 million or $0.44per basic and diluted share against $25.692 million or $0.22 per basic share and $0.21 per diluted share a year ago. Non-GAAP revenue was $635.914 million against $621.659 million a year ago. Non-GAAP operating income was $121.471 million against $109.429 million a year ago. Non-GAAP net income was $93.675 million or $0.77 per diluted share $78.384 million or $0.65 per diluted share a year ago. Net cash provided by operating activities was $96.432 million against $133.034 million a year ago. Capital expenditures were $12.426 million against $16.624 million a year ago. For the third quarter of 2013, the company provided guidance of $315 to $330 million in non-GAAP revenue. The company is third quarter non-GAAP EPS of $0.40 to $0.45. The GAAP revenue target is $314 to $329 million, the GAAP support revenue target is $159 million, and the GAAP EPS target range is $0.22 to $0.27. The third quarter guidance assumes $1.31 USD /EUR, 100 JPY /USD, a non-GAAP tax rate of 22%, a GAAP tax rate of 27% and 121 million diluted shares outstanding. The third quarter non-GAAP guidance excludes $0.5 million of the effect of purchase accounting on deferred maintenance revenue from Servigistics, $13 million of stock-based compensation expense, $0.5 million of acquisition related expenses, $11 million of acquisition-related intangible asset amortization expense, their related income tax effects, as well as any additional discrete tax items and restructuring charges. For the fiscal year 2013, the company is targeting non-GAAP revenue of $1,305 to $1,315 million, reflecting concerns around the timing of global economic recovery and approximately $10 million impact due to unfavorable currency movements. The company is maintaining non-GAAP EPS guidance of $1.70 to $1.80 reflecting the continued vigilance on cost controls and commitment to profitability. The company is targeting GAAP revenue of $1,302 to $1,312 million (including GAAP support revenue of $647 million) and GAAP EPS of $1.03 to $1.13. The fiscal year 2013 targets assume a non-GAAP tax rate of 22%, a GAAP tax rate of 4% and 121 million diluted shares outstanding. The fiscal year 2013non-GAAP targets exclude approximately $31 million in restructuring charges, $3 million of the effect of purchase accounting on acquired Servigistics deferred revenue, $51 million of stock-based compensation expense, $45 million of acquisition-related intangible asset amortization, $7 million of acquisition-related expenses, their related income tax effects, as well as any additional discrete tax items and restructuring charges.