PTC (PTC) Tops Q1 EPS by 1c; Updates FY15 Outlook

PTC (NASDAQ: PTC) reported Q1 EPS of $0.50, $0.01 better than the analyst estimate of $0.49. Revenue for the quarter came in at $327 million versus the consensus estimate of $318.97 million.

Updated Outlook Commentary

CEO James Heppelmann remarked, “We are targeting constant currency non-GAAP revenue growth of 4% to 6% and approximately 15% non-GAAP EPS growth for FY’15 on a constant currency basis. This assumes a less robust global manufacturing economy than we saw in 2014 offset by strong growth in our IoT solutions. While our FY’15 outlook is unchanged on a constant currency basis, we are reducing our FY’15 revenue, operating margin, and EPS guidance to factor in further depreciation of the Euro and Yen relative to the US dollar. Looking out to FY’18 we believe we can achieve approximately 15% per year non-GAAP EPS growth, driven by a healthy mix of revenue growth, further non-GAAP operating margin expansion, and reduced share count through our capital allocation strategy.”

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

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