PTC (PTC) Tops Q3 EPS by 4c
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 | ||||||||||
For earnings history and earnings-related data on PTC (PTC) click here.