CIMdata PLM Industry Summary Online Archive
24 July 2013
Financial News
PTC Announces Q3 Results, Initiates Q4 Guidance and Updates FY’13 Targets
PTC today reported results for its third fiscal quarter ended June 29, 2013.
Highlights
Q3 Results:
- Non-GAAP revenue of $316 million, up 1% year over year (up 4% on a constant currency basis)
- Non-GAAP EPS of $0.45, up 22% year over year (up 30% on a constant currency basis)
- Q3 revenue contribution from Servigistics (acquired on October 2, 2012) was $23 million on a non-GAAP basis and $22 million on a GAAP basis
- GAAP revenue of $315 million and GAAP EPS of $0.29
Q4 Guidance:
- Non-GAAP revenue of $330 to $340 million and non-GAAP EPS of $0.50 to $0.55
- License revenue of $95 to $105 million
- GAAP revenue of $330 to $340 million and GAAP EPS of $0.32 to $0.37
- Assumes $1.30 USD / EURO and 100 YEN / USD
FY'13 Targets:
- Non-GAAP revenue of $1,280 to $1,290 million and non-GAAP EPS of $1.72 to $1.77
- License revenue of $335 to $345 million
- Non-GAAP operating margin of approximately 21.5%
- GAAP revenue of approximately $1,277 to $1,287 million and GAAP EPS of $1.04 to $1.09; GAAP operating margin of approximately 11%
- Revenue guidance assumes at least $90 million contribution from Servigistics, including $3 million in non-GAAP revenue
- Assumes $1.30 USD / EURO and 100 YEN / USD
The Q3 non-GAAP revenue and non-GAAP EPS results exclude a $0.5 million effect of purchase accounting on the fair value of the acquired deferred maintenance balance of Servigistics. The Q3 non-GAAP EPS results also exclude $11.2 million of stock-based compensation expense, $11.1 million of acquisition-related intangible asset amortization, $3.1 million of restructuring charges, $0.9 million of acquisition-related expense, and a $5.1 million legal settlement gain. The Q3 non-GAAP EPS results include a tax rate of 21% and 121 million diluted shares outstanding.
To view an unabridged version of this press release, visit: http://www.ptc.com/appserver/wcms/standards/free.jsp?&im_dbkey=156856&icg_dbkey=21
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