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Free Post Earnings Research Report: PTC’s Revenue Grew 7.1%; Adjusted EPS Surged 19.2%

Stock Monitor: Infosys Post Earnings Reporting

LONDON, UK / ACCESSWIRE / January 23, 2018 / Active-Investors.com has just released a free earnings report on PTC Inc. (NASDAQ: 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 posted its financial results on January 17, 2018, for the first quarter fiscal 2018. The product development software maker Company's revenue and adjusted EPS surpassed analysts' expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Infosys Limited (NYSE: INFY), 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:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, PTC Inc. 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:

www.active-investors.com/registration-sg/?symbol=PTC

Earnings Highlights and Summary

For three months ended December 30, 2017, PTC's total revenues increased 7.1% to $306.64 million from $286.33 million in Q1 FY17. For the reported quarter, the Company's adjusted total revenues increased 6.9% to $307.01 million from $287.24 million in Q1 FY17. The Company's revenue surpassed analysts' expectations of $299.8 million.

For the reported quarter, the Company's license and subscription bookings increased 16% to $104 million on a y-o-y basis.

During Q1 FY18, PTC's gross profit increased 9.5% to $223.69 million from $204.21 million in Q1 FY17. For the reported quarter, the Company's gross margin increased 160 basis points to 72.9% of revenue from 71.3% of revenue in Q1 FY17. During Q1 FY18, PTC's adjusted gross profit increased 9% to $233.55 million from $214.30 million in Q1 FY17. For the reported quarter, the Company's adjusted gross margin increased 140 basis points to 76.2% of revenue from 74.8% of revenue in Q1 FY17.

During Q1 FY18, PTC's operating income increased 283.1% to $17.47 million from $4.56 million in Q1 FY17. For the reported quarter, the Company's operating margin increased 410 basis points to 5.7% of revenue from 1.6% of revenue in Q1 FY17. During Q1 FY18, PTC's adjusted operating income increased 14.5% to $50.67 million from $44.26 million in Q1 FY17. For the reported quarter, the Company's adjusted operating margin increased 110 basis points to 16.5% of revenue from 15.4% of revenue in Q1 FY17.

During Q1 FY18, PTC's earnings before tax (EBT) was positive $6.47 million compared to negative $6.50 million in the same period last year.

For the reported quarter, PTC's net income was $13.88 million compared to net loss of $9.14 million in Q1 FY17. During Q1 FY18, the Company's diluted EPS was positive $0.12 compared to negative $0.08 in the same period last year. For the reported quarter, PTC's adjusted net income increased 17.5% to $36.08 million on a y-o-y basis from $30.71 million in Q1 FY17. During Q1 FY18, the Company's adjusted diluted EPS increased 19.2% to $0.31 on a y-o-y basis from $0.26 in the same period last year. Adjusted diluted EPS surpassed analysts' expectations of $0.30.

Balance Sheet

As on December 30, 2017, the Company's cash and cash equivalents increased 4.2% to $291.68 million from $280.00 million on September 30, 2017. For the reported quarter, the Company's debt, net of deferred issuance costs, increased 4.2% to $742.62 million from $712.41 million in Q4 FY17.

For the reported quarter, the Company's net accounts receivable decreased 13.9% to $131.06 million from $152.30 million in Q4 FY17.

During Q1 FY18, the Company's net cash provided by operating activities was positive $25.13 million compared to negative $47.88 million in the same period last year.

Outlook

For Q2 FY18, the Company is forecasting revenue to be in the band of $300 million to $305 million and adjusted diluted EPS to be in the band of $0.28 to $0.32. The Company estimates license and subscription bookings to be in the range of $94 million to $104 million for Q2 FY18.

For FY18, the Company expects revenue to be in the range of $1.24 billion to $1.25 billion and adjusted diluted EPS to be in the range of $1.29 to $1.39. The Company estimates license and subscription bookings to be in the band of $455 million to $475 million for fiscal 2018.

Stock Performance Snapshot

January 22, 2018 - At Monday's closing bell, PTC Inc.'s stock advanced 1.95%, ending the trading session at $72.85.

Volume traded for the day: 1.63 million shares, which was above the 3-month average volume of 1.08 million shares.

Stock performance in the last month – up 21.72%; previous three-month period – up 21.17%; past twelve-month period – up 46.99%; and year-to-date – up 19.88%

After yesterday's close, PTC Inc.'s market cap was at $8.42 billion.

Price to Earnings (P/E) ratio was at 301.03.

The stock is part of the Technology sector, categorized under the Technical & System Software industry. This sector was up 1.0% at the end of the session.

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