CIMdata PLM Industry Summary Online Archive
24 April 2013
Financial News
PTC Announces Q2 Results, Initiates Q3 Guidance and Updates FY’13 Targets
PTC reported results for its second fiscal quarter ended March 30, 2013.
Highlights
Q2 Results:
- Non-GAAP revenue of $315 million, up 4% year over year (up 5% on a constant currency basis)
- Non-GAAP EPS of $0.41, up 38% year over year (up 44% on a constant currency basis)
- Q2 revenue contribution from Servigistics (acquired on October 2, 2012) was $21 million on a non-GAAP basis and $20 million on a GAAP basis
- GAAP revenue of $314 million and GAAP EPS of $0.14, including a $16 million restructuring charge
Q3 Guidance:
- Non-GAAP revenue of $315 to $330 million and non-GAAP EPS of $0.40 to $0.45
- License revenue of $80 to $90 million
- GAAP revenue of $314 to $329 million and GAAP EPS of $0.22 to $0.27
- Assumes $1.31 USD / EURO and 100 YEN / USD
FY'13 Targets:
- Non-GAAP revenue of $1,305 to $1,315 million and non-GAAP EPS of $1.70 to $1.80
- License revenue of $350 to $360 million
- Non-GAAP operating margin of approximately 21.5%
- GAAP revenue of approximately $1,302 to $1,312 million and GAAP EPS of $1.03 to $1.13; GAAP operating margin of approximately 11%
- Revenue guidance assumes at least $80 million contribution from Servigistics, including $3 million in non-GAAP revenue
- Assumes $1.31 USD / EURO and 100 YEN / USD
The Q2 non-GAAP revenue and non-GAAP EPS results exclude a $0.7 million effect of purchase accounting on the fair value of the acquired deferred maintenance balance of Servigistics. The Q2 non-GAAP EPS results also exclude $11.8 million of stock-based compensation expense, $11.3 million of acquisition-related intangible asset amortization, $15.8 million of restructuring charges, and $2.1 million of acquisition-related expense. The Q2 non-GAAP EPS results include a tax rate of 19% and 121 million diluted shares outstanding.
To view an unabridged version of this press release, visit: http://www.ptc.com/appserver/wcms/standards/textsub.jsp?&im_dbkey=155027&icg_dbkey=21&lang=en
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