PTC Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended December 31, 2016; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2017
January 18, 2017 at 04:05 pm
Share
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.
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 Financial Results for the First Quarter Ended December 31, 2016; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2017