PTC Inc. Reports Unaudited Consolidated ASC 605 and ASC 606 Earnings Results for the First Quarter Ended December 30, 2018; Provides ASC 605 and ASC 606 Earnings Guidance for the Second Quarter and Fiscal Year 2019
January 23, 2019 at 04:02 pm
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PTC Inc. reported unaudited consolidated ASC 605 and ASC 606 earnings results for the first quarter ended December 30, 2018. For the quarter, based on ASC 605, the company reported total revenue of $338,757,000 against $306,644,000 a year ago. Operating income was $33,182,000 against $17,316,000 a year ago. Net income was $19,248,000 or $0.16 per basic share against $13,877,000 or $0.12 per basic share a year ago.
For the quarter, based on ASC 606, the company reported total revenue of $334,689,000. Operating income was $30,044,000. Net income was $20,985,000 or $0.18 per basic share.
The company also provided ASC 605 and ASC 606 earnings guidance for the second quarter and fiscal year 2019. For the quarter, on ASC 605 basis, the company expects total revenue in the range of $310 million to $315 million, LPS in the range of $0.13 to $0.10.
For the fiscal year, on ASC 605 basis, the company expects total revenue in the range of $1,325 million to $1,340 million. EPS in the range of $0.25 to $0.32.
For the quarter, on ASC 606 basis, the company expects total revenue in the range of $283 million to $298 million, LPS in the range of $0.27 to $0.17.
For the fiscal year, on ASC 605 basis, the company expects total revenue in the range of $1,245 million to $1,295 million. LPS in the range of $0.10 to EPS of $0.18.
PTC Inc. is a global software company that enables industrial and manufacturing companies to digitally transform how they engineer, manufacture, and service the physical products. Its computer-aided design (CAD) portfolio solutions enable companies to author product data. Its product lifecycle management (PLM) portfolio solutions enable companies to manage product data and orchestrate processes. Its software can be delivered on premises, in the cloud or in a hybrid model. Its PLM products and services include Windchill PLM, ThingWorx, ServiceMax, Arena, Codebeamer, Servigistics, FlexPLM and Kepware. Its CAD products and services include Creo 3D, Onshape, Vuforia and Arbortext. Its Windchill PLM application suite manages all aspects of the product development lifecycle-from concept through service and retirement-by enabling a digital thread of product parts, materials and configuration information. Its ThingWorx platform is flexible and purpose-built for industrial Internet of things.
PTC Inc. Reports Unaudited Consolidated ASC 605 and ASC 606 Earnings Results for the First Quarter Ended December 30, 2018; Provides ASC 605 and ASC 606 Earnings Guidance for the Second Quarter and Fiscal Year 2019