PTC Announces Second Quarter Fiscal Year 2018 Results

PTC.com @PTC Blogs

 
PTC Inc.
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share data)
                 
 
Three Months Ended Six Months Ended
March 31, April 1, March 31, April 1,
2018 2017 2018 2017
 
Revenue:
Subscription $ 112,931 $ 65,780 $ 212,939 $ 120,142
Support   126,683     141,718     257,880     293,196  
Total recurring revenue 239,614 207,498 470,819 413,338
Perpetual license   22,839     27,372     56,824     61,751  
Total subscription, support and license revenue 262,453 234,870 527,643 475,089
Professional services   45,430     45,170     86,884     91,278  
Total revenue   307,883     280,040     614,527     566,367  
 
Cost of revenue:
Cost of license and subscription revenue (1) (2) 23,119 20,555 47,495 40,685
Cost of support revenue (1) (2)   23,030     22,576     45,230     45,393  
Total cost of software revenue 46,149 43,131 92,725 86,078
Cost of professional services revenue (1)   37,482     38,699     73,864     77,867  
Total cost of revenue   83,631     81,830     166,589     163,945  
 
Gross margin   224,252     198,210     447,938     402,422  
 
Operating expenses:
Sales and marketing (1) 98,330 87,777 197,645 178,467
Research and development (1) 62,194 57,710 126,163 115,624
General and administrative (1) 33,353 36,800 68,357 73,495
Amortization of acquired intangible assets 7,895 7,946 15,716 16,013
Restructuring and headquarters charges, net (3)   114     464     219     6,749  
Total operating expenses   201,886     190,697     408,100     390,348  
 
Operating income 22,366 7,513 39,838 12,074
Other expense, net   (10,820 )   (8,569 )   (21,821 )   (19,633 )
Income (loss) before income taxes 11,546 (1,056 ) 18,017 (7,559 )
Provision (benefit) for income taxes (4)   3,624     48     (3,782 )   2,686  
Net income (loss) $ 7,922   $ (1,104 ) $ 21,799   $ (10,245 )
 
Earnings (loss) per share:
Basic $ 0.07 $ (0.01 ) $ 0.19 $ (0.09 )
Weighted average shares outstanding 116,241 115,709 115,986 115,498
 
Diluted $ 0.07 $ (0.01 ) $ 0.19 $ (0.09 )
Weighted average shares outstanding 117,905 115,709 117,780 115,498
 
 
 
(1) The amounts in the tables above include stock-based compensation as follows:
 
Three Months Ended Six Months Ended
March 31, April 1, March 31, April 1,
2018 2017 2018 2017
Cost of license and subscription revenue $ 408 $ 314 $ 821 $ 607
Cost of support 690 1,355 1,498 2,499
Cost of professional services revenue 1,669 1,538 3,375 2,995
Sales and marketing 5,038 4,130 9,917 7,751
Research and development 3,383 3,951 6,343 6,948
General and administrative   5,838     10,289     13,403     18,765  
Total stock-based compensation $ 17,026   $ 21,577   $ 35,357   $ 39,565  
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »



Review Article Be the first to review this article



© 2022 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise