PTC Reports Fourth Quarter and Fiscal Year 2004 Results

NEEDHAM, Mass., October 20, 2004 - PTC (Nasdaq: PMTC), the product development company (TM), today reported revenue of $170.1 million for the fourth quarter ended September 30, 2004, up 4% from $163.7 million for the same period last year. For the 2004 fiscal year, revenue totaled $660.0 million, compared to $671.9 million for fiscal 2003.

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