PTC net income rises 61% on flat revenue

PTC is reporting sharply higher net income on essentially flat revenue for the first quarter of fiscal 2013, as compared with a year ago.Revenue for the quarter ending December 29, 2012 was $319.7 million, up 0.4% compared to a year earlier. Net income was $35.8 million, up 61% from a year earlier. Read more on PTC's financials on GraphicSpeak.