PTC (PTC) Misses Q4 EPS by 2c, Beats on Revenues Offers FY17 EPS/Revenue Outlook

PTC (NASDAQ: PTC) reported Q4 EPS of $0.34, $0.02 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $307 million versus the consensus estimate of $306.58 million.

• Fourth quarter FY’17 GAAP revenue was $306 million; non-GAAP revenue was $307 million
• FY’17 GAAP revenue was $1,164 million; non-GAAP revenue was $1,167 million
• Fourth quarter GAAP net income was $17 million or $0.15 per diluted share; non-GAAP net income was $40 million or $0.34 per diluted share
• FY’17 GAAP net income was $6 million or $0.05 per diluted share; non-GAAP net income was $138 million or $1.17 per diluted share
• Fourth quarter license and subscription bookings were $144 million and subscription mix was 72%
• FY’17 license and subscription bookings were $419 million and subscription mix was 69%.
• Total deferred revenue, billed and unbilled, was $1.1 billion, an increase of 40% from the same period last year
• Fourth quarter subscription Annualized Recurring Revenue (ARR) was $339 million, an increase of $171 million or 102% from the same period last year

GUIDANCE:

PTC sees FY2018 EPS of $1.27-$1.37, versus the consensus of $1.46. PTC sees FY2018 revenue of $1.225-1.25 billion, versus the consensus of $1.22 billion.

For earnings history and earnings-related data on PTC (PTC) click here.

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