PTC Inc. announced unaudited consolidated earnings results for the first quarter ended January 2, 2016. For the quarter, the company reported total revenue of $291,017,000 against $325,442,000 a year ago. Operating loss was $14,892,000 against operating income of $37,631,000 a year ago. Loss before income taxes was $21,145,000 against income before income taxes of $34,407,000 a year ago. Net loss was $25,492,000 or $0.22 per diluted share against net income of $30,284,000 or $0.26 per diluted share a year ago. Non-GAAP revenue was $291,514,000 against $326,846,000 a year ago. Non-GAAP operating income was $60,493,000 against operating income of $69,813,000 a year ago. Non-GAAP net income was $57,182,000 or $0.50 per diluted share against net income of $58,980,000 or $0.50 per diluted share a year ago. Net cash provided by operating activities was $61,254,000 against $13,632,000 a year ago. Capital expenditures were $4,185,000 against $7,947,000 a year ago.

The company provided earnings guidance for the second quarter ending April 2, 2016 and full year of fiscal 2016. For the quarter, the company expects total revenue in the range of $290 million to $295 million, operating expense (GAAP) in the range of $191 million to $193 million, operating expense (Non-GAAP) in the range of $164 million to $166 million, tax rate (GAAP) in the range of 8% to 8%, tax rate (Non-GAAP) in the range of 16% to 16%, EPS (GAAP) in the range of $0.08 to $0.13 and EPS (Non-GAAP) in the range of $0.33 to $0.38.

For the full year of fiscal 2016, the company expects total revenue in the range of $1,200 million to $1,220 million, operating expense (GAAP) in the range of $776 million to $789 million, operating expense (Non-GAAP) in the range of $643 million to $656 million, tax rate (GAAP) in the range of 14% to 14%, tax rate (Non-GAAP) in the range of 22% to 22%, EPS (GAAP) in the range of $0.57 to $0.62, EPS (Non-GAAP) in the range of $1.80 to $1.90 and free cash flow in the range of $215 million to $225 million.