PTC today reported financial results for the fourth quarter and fiscal year ended September 30, 2016.
Overview
Fourth quarter FY'16 GAAP revenue was $288 million; non-GAAP revenue was $289 million. We recorded a GAAP net loss of $28 million or $0.25 per share and non-GAAP net income of $23 million or $0.20 per share.
FY'16 GAAP revenue was $1,141 million; non-GAAP revenue was $1,144 million. We recorded a GAAP net loss of $54 million or $0.48 per share and non-GAAP net income of $138 million or $1.19 per share.
"This past year clearly marked a turning point for PTC," said James Heppelmann, President and CEO, PTC. "We exceeded our key strategic objectives for bookings growth, IoT market leadership, margin improvement, and subscription transition. We now start fiscal 2017 more than a year ahead of the objectives we outlined at our investor day last November. Our focus on improved execution led to bookings growth, beating the high end of our guidance for the quarter and for the fiscal year. We continue to see increased demand for our subscription offering across our business, resulting in a 70% subscription bookings mix for the quarter and 56% for the fiscal year, both well ahead of our guidance."
Heppelmann added, "While our focus is on creating significant long-term value for our customers and shareholders through the transition to a subscription business model, it is important to note that a higher subscription mix negatively impacts near-term reported revenue and earnings."
We use cookies to help provide you with the best possible online experience.
By using this site, you agree that we may store and access cookies on your device.
You can find out more and set your own preferences here.
