PTC Announces Q2 Results, Initiates Q3 Guidance and Updates FY’10 Targets

(2) Operating margin impact of non-GAAP adjustments:

  Three Months Ended       Six Months Ended
April 3,     April 4, April 3,     April 4,
2010   2009   2010   2009  
 
GAAP operating margin 4.8 % (0.6 )% 6.8 % 0.4 %
Stock-based compensation 5.1 % 3.0 % 5.2 % 3.7 %
Amortization of acquired intangibles 3.7 % 3.8 % 3.6 % 3.7 %
Restructuring charges -- % 4.3 % -- % 2.1 %
Non-GAAP operating margin 13.6 % 10.5 % 15.6 % 9.9 %

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