Yes. It produces both a PCF and an IDF (but IDF use isn't that common) in the user's temp folder, which are passed to the ISOGEN process. These can be harvested using the pre- and post-process ISOGEN utilities. Although I'd be sorely tempted to just use the PCFOUT function to directly generate PCF files from the model.
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If you are going to fly by the seat of your pants, expect friction burns.