PTC (PTC) Tops Q2 EPS by 2c

PTC (NASDAQ: PTC) reported Q2 EPS of $0.30, $0.02 better than the analyst estimate of $0.28. Revenue for the quarter came in at $281 million versus the consensus estimate of $283.59 million.

“We are very pleased with our second fiscal quarter performance,” said James Heppelmann, President and CEO, PTC. “Bookings of $95 million and subscription mix of 71% both exceeded the high end of our guidance for the quarter. Bookings growth of 11% year-over-year was driven by another strong quarter in IoT, with new bookings growing faster than the estimated 40% market growth rate; as well as solid bookings results in CAD and core PLM, which both grew at or above the estimated market growth rates.”

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

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