PTC (PTC) Tops Q1 EPS by 1c, Beats on Revenues; Offers FY18 EPS/Revenue Mid-Point Outlook Above Consensus

PTC (NASDAQ: PTC) reported Q1 EPS of $0.31, $0.01 better than the analyst estimate of $0.30. Revenue for the quarter came in at $307 million versus the consensus estimate of $300.83 million.

Highlights

• First quarter FY’18 total revenue was $307 million
• First quarter GAAP net income was $14 million or $0.12 per diluted share; non-GAAP net income was $36 million or $0.31 per diluted share
• First quarter license and subscription bookings were $104 million and subscription mix was 67%
• Total deferred revenue, billed and unbilled, was $1.17 billion, an increase of 42% from the same period last year
• First quarter subscription Annualized Recurring Revenue (ARR) was $402 million, an increase of $183 million or 84% from the same period last year

GUIDANCE:

PTC sees FY2018 EPS of $1.29-$1.39, versus the consensus of $1.32. PTC sees FY2018 revenue of $1.235-1.25 billion, versus the consensus of $1.23 billion.

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

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