PTC Inc. (PTC): Q1 Earnings Exceed Expectations, Revenue Up

[Para 1: The Lead] Boston-based PTC Inc. (PTC) reported a fiscal first-quarter profit of $166.5 million, exceeding Wall Street expectations. Per-share earnings were $1.39, adjusted to $1.92, surpassing analysts' forecasts of $1.59 per share. Revenue of $685.8 million also surpassed forecasts at $638.4 million. [Para 2-3: Supporting details & Context] PTC Inc. expects Q2 earnings between $1.93 and $2.54 per share, with revenue forecasted at $710 million to $770 million. Full-year earnings are projected between $6.69 and $9.15 per share, with revenue targeting $2.68 billion to $2.94 billion. The company's strong performance is attributed to robust product development software demand.