PTC Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 30, 2017; Provides Earnings Guidance for the Second Quarter and Fiscal Year Ending September 30, 2018
January 17, 2018 at 04:01 pm
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PTC Inc. reported unaudited consolidated earnings results for the first quarter ended December 30, 2017. For the quarter, the company reported total revenue of $306,644,000 against $286,327,000 a year ago. Operating income was $17,472,000 against $4,561,000 a year ago. Income before income taxes was $6,471,000 against loss of $6,503,000 a year ago. Net income was $13,877,000 or $0.12 per basic and diluted share against loss of $9,141,000 or $0.08 per basic and diluted share a year ago. Non-GAAP revenue was $307,007,000 against $287,241,000 a year ago. Non-GAAP operating income was $50,670,000 against $44,259,000 a year ago. Non-GAAP net income was $36,075,000 against $30,705,000 a year ago. Non-GAAP diluted earnings per share were $0.31 against $0.26 a year ago. Net cash provided by operating activities was $25,127,000 against net cash used in operating activities was $47,876,000 a year ago. Capital expenditures were $6,377,000 against $7,100,000 a year ago. Purchase of intangible asset was $2,500,000.
For the second quarter of fiscal year 2018, the company expects total revenue in the range of $300 million to $305 million, EPS in the range of $0.01 to $0.04 and non-GAAP EPS in the range of $0.28 to $0.32. Operating margin expects in the range of 4% to 6%. Operating Margin (Non-GAAP) expects in the range of 16% to 17%. Tax rate expects in the range of 15% to 15%. Tax rate (Non-GAAP) expects in the range of 11% to 9%.
For the fiscal year ending September 30, 2018, the company expects total revenue in the range of $1,235 million to $1,250 million, free cash flow in the range of $195 million to $205 million, adjusted free cash flow in the range of $199 million to $209 million, EPS in the range of $0.28 to $0.37 and non-GAAP EPS in the range of $1.29 to $1.39. Operating margin expects in the range of 6% to 7%. Operating Margin (Non-GAAP) expects in the range of 17% to 18%. Tax rate expects in the range of 5% to 5%. Tax rate (Non-GAAP) expects in the range of 11% to 9%.
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 Earnings Results for the First Quarter Ended December 30, 2017; Provides Earnings Guidance for the Second Quarter and Fiscal Year Ending September 30, 2018