NEEDHAM, MA, Apr 19, 2018 – PTC reported financial results for its fiscal second quarter ended March 31, 2018. Second quarter FY’18 total revenue was $308M and GAAP net income was $8M.

Comparative analysis based on PTC’s financial results in the last 12 quarters (Result source PTC website)

Comparative analysis based on PTC’s financial results in the last 12 quarters (Result source PTC website)

“Our second quarter results were a continuation of the strong performance we have been driving across our product portfolio,” said James Heppelmann, president and CEO, PTC. “Total revenue, operating margin and EPS all exceeded the high end of our guidance, and new bookings were at the midpoint of our guidance range.”

Heppelmann added, “We are pleased with our second quarter performance and are raising fiscal 2018 revenue, EPS and free cash flow guidance. For the first half of the fiscal year, CAD bookings grew double-digits, far outpacing market growth, PLM bookings grew at market, ThingWorx continued to set the standard for Industrial Innovation Platforms, and interest in our augmented reality (AR) solutions accelerated.”

A complete chart of the financial results is available here.

About PTC

PTC helps companies around the world reinvent the way they design, manufacture, operate, and service things in and for a smart, connected world. In 1986 they revolutionized digital 3D design, and in 1998 were first to market with Internet-based product lifecycle management. Today, their leading industrial innovation platform and field-proven solutions enable you to unlock value at the convergence of the physical and digital worlds. With PTC, manufacturers and an ecosystem of partners and developers can capitalize on the promise of the Internet of Things and augmented reality technology today and drive the future of innovation.

For more information, visit www.ptc.com.