U.S. Markets closed

Free Post Earnings Research Report: PTC's Revenues Grew 10%; Adjusted EPS Climbed 13%

Stock Monitor: National Instruments Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 2, 2018 / Active-Investors.com has just released a free earnings report on PTC Inc. (PTC). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PTC. The Company reported its second quarter fiscal 2018 operating and financial results on April 18, 2018. The product development software maker outperformed top- and bottom-line expectations. Additionally, the Company raised its revenue, earnings, and free cash flow guidance. Register today and get access to over 1000 Free Research Reports by joining our site below:


Active-Investors.com is currently working on the research report for National Instruments Corporation (NATI), which also belongs to the Technology sector as the Company PTC Inc. Do not miss out and become a member today for free to access this upcoming report at:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, PTC most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Earnings Highlights and Summary

For the second quarter of the fiscal year 2018, PTC's total revenues were $307.9 million compared to $280.0 million in Q2 FY17. The Company's revenue numbers beat analysts' estimates of $303.2 million.

During Q2 FY18, PTC's GAAP operating margin was 7% compared to 3% in Q2 FY17. The Company's non-GAAP operating margin was 18% in the reported quarter compared to 16% in the year earlier same quarter.

For Q2 FY18, PTC's GAAP net income was $7.9 million, or $0.07 per diluted share, compared to a GAAP net loss of $1.1 million, or $0.01 per diluted share, in Q2 FY17. On a non-GAAP basis, the Company's net income was $0.34 per diluted share, up 13% compared to $0.30 per diluted share in the year earlier comparable quarter. PTC's earnings beat Wall Street's estimates of $0.31 per share.

Operating Results

During Q2 FY18, PTC's license and subscription bookings were $99 million, up 4% compared to Q2 FY17. On a year-to-date basis, the Company's bookings gained 10% to $203 million, and the subscription mix was 72%.

For Q2 FY18, PTC's GAAP software revenues were $262 million and non-GAAP software revenues were $263 million, reflecting an increase of 12% on a y-o-y basis in each case, despite a 700-basis point increase in the subscription mix compared to the prior year's same quarter. Approximately 91% of the reported quarter software revenues came from recurring revenue streams, up from 88% in Q2 FY17.

PTC's Annualized Recurring Revenue (ARR) was $961 million, reflecting an increase of 15% on a y-o-y basis, and the fifth consecutive quarter of double-digit growth. PTC's total deferred revenues, billed and unbilled, surged 43% to $1.26 billion on a y-o-y basis.

For Q2 FY18, PTC's billed deferred revenues grew 1% to $498 million on a y-o-y basis. The Company noted that billed deferred revenues can fluctuate quarterly based on the contractual billings dates in PTC's recurring revenue contracts, as well as the timing of its fiscal reporting periods. PTC's Q2 FY18 ended on March 31, 2018, as opposed to April 01, 2017, for Q2 FY17. The Company's recurring revenue billings on April 01, 2018, were approximately $79 million, so if Q2 FY18 had ended on April 01, 2018, PTC's billed deferred revenues would have grown approximately 17% on a y-o-y basis.

Cash Matters

During Q2 FY18, PTC's operating cash flow was $111.1 million compared to $76.4 million in Q2 FY17. The Company's free cash flow was $106 million in the reported quarter compared to $69 million in the year ago corresponding period.

As of March 31, 2018, PTC's total cash, cash equivalents, and marketable securities were $355 million and total debt, net of deferred issuance costs, was $643 million. During the reported quarter, the Company repaid approximately $100 million of debt.


For FY18, PTC is forecasting bookings to be in the range of $455 million to $475 million, reflecting a growth of 9% to 13% on a y-o-y basis. The Company raised its subscription revenue guidance to $475 million to $480 million for FY18, representing a growth of approximately 70% on a y-o-y basis. PTC is anticipating total revenues of $1.25 billion to $1.26 billion for FY18, reflecting an increase of $13 million at the midpoint of its previous guidance.

PTC is projecting earnings per share (EPS) to be in the range of $1.31 to $1.41, reflecting an increase of $0.02 over its earlier guidance. The Company also raised its free cash flow guidance by $15 million to a band of $210 million to $220 million for FY18, reflecting a growth of 96% y-o-y at the midpoint.

For Q3 FY18, PTC is projecting bookings to be in the range of 105 million to 115 million, revenues to be $310 million to $315 million, and EPS to be in the band of $0.30 to $0.34.

Stock Performance Snapshot

May 01, 2018 - At Tuesday's closing bell, PTC's stock marginally advanced 0.58%, ending the trading session at $82.83.

Volume traded for the day: 1.08 million shares, which was above the 3-month average volume of 927.05 thousand shares.

Stock performance in the last month - up 7.98%; previous three-month period - up 13.57%; past twelve-month period - up 51.09%; and year-to-date - up 36.30%

After yesterday's close, PTC's market cap was at $9.59 billion.

Price to Earnings (P/E) ratio was at 317.36.

The stock is part of the Technology sector, categorized under the Technical & System Software industry. This sector was up 0.8% at the end of the session.


Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the ''Author'') and is fact checked and reviewed by a third-party research service company (the ''Reviewer'') represented by a credentialed financial analyst. For further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the ''Sponsor''), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors