PTC unveils Q1 results

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

PTC has reported results for its first fiscal quarter ended December 31, 2011. PTC also announced an organizational realignment and restructuring to drive long-term growth and enhanced profitability.

The Q1 non-GAAP revenue results exclude a $1.5 million effect of purchase accounting on the fair value of the acquired deferred maintenance balance of MKS Inc. The Q1 non-GAAP EPS results also exclude $13.4 million of stock-based compensation expense, $9.3 million of acquisition-related intangible asset amortization, $2.1 million of acquisition-related expense, $0.8 million in other expense and $6.7 million of income tax adjustments. The Q1 non-GAAP EPS results include a tax rate of 25% and 121 million diluted shares outstanding. The Q1 GAAP EPS results include a tax rate of 26% and 121 million diluted shares outstanding.

James Heppelmann, President & CEO said, "PTC had a good start to FY'12, with Q1 non-GAAP revenue at the high end of our guidance range and non-GAAP EPS exceeding the high end of our guidance range. Our license revenue of $89.1 million was up 18% on a year-over-year basis, driven by organic growth of 12%. Continuing the momentum we experienced in Q4'11, our Enterprise (PLM) business delivered very good results with non-GAAP revenue up 38% year over year and 21% on an organic basis. Enterprise (PLM) license growth increased 41% year over year and 27% on an organic basis. Revenue in our Desktop (MCAD) business increased 5% year over year. Desktop license revenue decreased 1% year over year, reflecting very strong comparable results in Q1'11."

Jeff Glidden, Chief Financial Officer said, "From a profitability standpoint, Q1 was another solid quarter with a good mix of revenue, better than anticipated Services margins, and lower than planned operating expenses as we remained vigilant on all non-sales related hiring; we delivered $0.35 non-GAAP EPS, this despite a $0.01 headwind due to a higher-than-expected tax rate and currency effects. Non-GAAP EPS increased 59% from $0.22 non-GAAP EPS in Q1'11. We ended Q1'12 with $187 million of cash up from $168 million at the end of Q4'11, reflecting $36 million in cash provided by operating activities."


For More Details See

www.varindia.com

Comments

Post a Comment

Popular posts from this blog

Prizm Payment Services changes its name to Hitachi Payment Services

Image
Hitachi Payment Services Pvt. Ltd has changed its corporate name from Prizm Payment Services Pvt. Ltd (“Prizm Payment Services”) to Hitachi Payment Services Pvt. Ltd (“Hitachi Payment Services”). “The new name reflects Hitachi’s commitment to business expansion in India, and to build a strong global financial payments offering leveraging the expertise of the Prizm Payment Services acquisition. Hitachi sees immediate potential to grow in the Asian subcontinent markets with the epicentre of growth being India, and migrate into other markets. Also, the name change will have no change on Prizm Payment Services’ operations,” said Loney Antony, Managing Director, Hitachi Payment Services. “Hitachi had acquired Prizm Payment Services with the aim of accelerating global development of IT services businesses targeting financial institutions, particularly in the fast-growing Asian region, and the company has been the gateway of entering into the services business in India for Hitachi. We ...
Read more

Japan's Sharp to buy Toshiba PC business for $36 mln

Image
As per the report, Sharp Corporation of Japan to buy Toshiba Corp’s personal computer business for 4 billion yen ($36 million). Sharp brand is under the control of manufacturing giant Foxconn, the world’s biggest contract manufacturer and major Apple Inc supplier, to produce PCs more cheaply – just as it was able to do in TVs. Another report also noticed by VARINDIA, Foxconn is also promoting the Sharp TV to start marketing in India, which has kick started from this year IPL(Indian Premiere League) ,with this they are marking a return to a business in India. Earlier Sharp was a known brand in terms of technology but it’s position become negligible with the fastest technology and pricing structure of SAMSUNG, LG and Sony. With the manufacturing capability of FOXCONN, they are trying to enter the Asian market. The recent deal of Pc business, will see Sharp take an 80.1 percent stake in Toshiba’s PC unit on Oct 1.... Read More
Read more