PTC Q1 Profit Beats Estimates - Quick Facts

(RTTNews) - PTC Inc. (PTC) reported that its first-quarter net income increased to $39.66 million or $0.33 per share, from $35.81 million or $0.29 per share, last year. Non-GAAP net income was $60.22 million or $0.50 per share, for the quarter.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.44 for the quarter. Analysts' estimates typically exclude special items.

Total revenue rose year-over-year to $324.92 million, from $319.75 million. Analysts expected revenue of $318.19 million for the quarter.

The company expects its second-quarter revenue in the range of $320 million to $330 million and non-GAAP earnings of $0.43 to $0.48 per share. GAAP earnings per share is expected to be in the range of $0.28 to $0.33, excluding acquisition accounting for the ThingWorx transaction. Analysts expect the company to report second-quarter profit per share of $0.46 on revenue of $323.33 million.

The company expects fiscal 2014 revenue in the range of $1.330 billion to $1.345 billion and non-GAAP earnings per share in the range of $2.03 to $2.13. GAAP earnings per share is expected to be in the range of $1.38 to $1.48, excluding acquisition accounting for the ThingWorx transaction. Analysts expect the company to report fiscal 2014 profit per share of $2.05 on revenue of $1.34 billion.