PTC Inc. reported unaudited consolidated financial results for the first quarter ended December 31, 2016. For the quarter, the company reported total revenue of $286,327,000 against $291,017,000 a year ago. Operating income was $4,561,000 against loss of $13,292,000 a year ago. Loss before income taxes was $6,503,000 against $19,545,000 a year ago. Net loss was $9,141,000 against $23,892,000 a year ago. Loss per share was $0.08 against $0.21 a year ago. Non-GAAP revenue was $287,241,000 against $291,514,000 a year ago. Non-GAAP operating income was $44,259,000 against $62,093,000 a year ago. Non-GAAP net income was $30,705,000 against $58,782,000 a year ago. Non-GAAP diluted earnings per share were $0.26 against $0.51 a year ago. Net cash used by operating activities was $47,978,000 against net cash provided by operating activities was $61,254,000 a year ago. Capital expenditures were $7,100,000 against $4,185,000 a year ago.

For the second quarter of fiscal year 2017, the company expects total revenue in the range of $280 million to $285 million, EPS in the range of $0.01 to $0.04 and non-GAAP EPS in the range of $0.26 to $0.31. It expects OpEx in the range of $161 million to $166 million and an operating margin of approximately 16% to 17%. The company is assuming a tax rate of 8% to 10%.

For the fiscal year 2017, the company expects total revenue in the range of $1,165 million to $1,180 million, free cash flow in the range of $127 million to $137 million, adjusted free cash flow in the range of $170 million to $180 million, EPS in the range of $0.06 to $0.09 and non-GAAP EPS in the range of $1.20 to $1.30. It is maintaining fiscal 2017 operating margin guidance of 17% to 18%, representing a 200 to 300 basis point improvement over last year.