PTC Reports First Quarter Fiscal Year 2007 Results

NEEDHAM, Mass., January 24, 2007 - PTC (Nasdaq: PMTC), the Product Development Company(R), today reported revenue of $221.7 million for the first quarter ended December 30, 2006, up 15% from the same period last year. Total license revenue for the first quarter of 2007 was $66.6 million, up 14% from the same period last year. Results for the first quarter of 2007 reflected year-over-year growth in all geographies and strength across all product lines.

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