PTC Reports Fiscal 2004 Third Quarter Results

NEEDHAM, Mass., July 21, 2004 – PTC (Nasdaq: PMTC), the product development company, today reported revenue totaling $168.4 million for the third quarter ended July 3, 2004, up 2% from $165.2 million for the same period last year. Revenue also grew 2% sequentially, from $164.7 million in the second quarter of fiscal 2004.