PTC (NASDAQ: PTC) reported Q3 EPS of $0.36, $0.04 better than the analyst estimate of $0.32. Revenue for the quarter came in at $315 million versus the consensus estimate of $312.91 million.
For the fourth quarter and fiscal year ending September 30, 2018, the company expects:
| In millions except per share amounts | | | | | | | | | | | | |
| Operating Measures(1) | | | Q4’18Low | | | Q4’18High | | | FY’18Low | | | FY’18High |
| | | | | | | | | | | | | |
| Subscription ACV | | | $ 55 | | | $ 62 | | | $ 173 | | | $ 180 |
| License and Subscription Bookings | | | $ 135 | | | $ 152 | | | $ 451 | | | $ 468 |
| Subscription % of Bookings | | | 82% | | | 82% | | | 77% | | | 77% |
| (1)An explanation of the metrics included in this table is provided below. |
| |
| Financial Measures | | | Q4’18Low  | | | Q4’18High | | | FY’18Low | | | FY’18High |
| Subscription Revenue | | | $ 131 | | | $ 133 | | | $ 471 | | | $ 473 |
| Support Revenue | | | 123 | | | 123 | | | 502 | | | 502 |
| Perpetual License Revenue | | | 25 | | | 27 | | | 107 | | | 109 |
| Total Software Revenue | | | 279 | | | 283 | | | 1,080 | | | 1,084 |
| Professional Services Revenue | | | 39 | | | 40 | | | 168 | | | 169 |
| Total Revenue | | | $ 318 | | | $ 323 | | | $ 1,248 | | | $ 1,253 |
| | | | | | | | | | | | | |
| Operating Expense (GAAP) | | | $ 207 | | | $ 210 | | | $ 827 | | | $ 830 |
| Operating Expense (Non-GAAP) | | | 180 | | | 183 | | | 728 | | | 731 |
| Operating Margin (GAAP) | | | 9% | | | 10% | | | 7% | | | 8% |
| Operating Margin (Non-GAAP) | | | 21% | | | 22% | | | 18% | | | 19% |
| Tax Rate (GAAP) | | | 30% | | | 30% | | | (10%) | | | (10%) |
| Tax Rate (Non-GAAP) | | | 10% | | | 8% | | | 9% | | | 8% |
| Shares Outstanding (GAAP) | | | 120 | | | 120 | | | 118 | | | 118 |
| Shares Outstanding (Non-GAAP) | | | 120 | | | 120 | | | 118 | | | 118 |
| EPS (GAAP) | | | $ 0.10 | | | $ 0.13 | | | $ 0.42 | | | $ 0.47 |
| EPS (Non-GAAP) | | | $ 0.41 | | | $ 0.46 | | | $ 1.41 | | | $ 1.46 |
| Free Cash Flow | | | | | | | | | $ 210 | | | $ 220 |
| Adjusted Free Cash Flow | | | | | | | | | $ 214 | | | $ 224 |
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For earnings history and earnings-related data on PTC (PTC) click here.