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%.