NEEDHAM, MA, Oct 27, 2016 – PTC reported financial results for the fourth quarter and fiscal year ended September 30, 2016.
Fourth quarter FY’16 GAAP revenue was $288 million; non-GAAP revenue was $289 million. They recorded a GAAP net loss of $28 million or $0.25 per share and non-GAAP net income of $23 million or $0.20 per share.
FY’16 GAAP revenue was $1,141 million; non-GAAP revenue was $1,144 million. We recorded a GAAP net loss of $54 million or $0.48 per share and non-GAAP net income of $138 million or $1.19 per share.
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)
“This past year clearly marked a turning point for PTC,” said James Heppelmann, president and CEO, PTC. “We exceeded our key strategic objectives for bookings growth, IoT market leadership, margin improvement, and subscription transition. We now start fiscal 2017 more than a year ahead of the objectives we outlined at our investor day last November. Our focus on improved execution led to bookings growth, beating the high end of our guidance for the quarter and for the fiscal year. We continue to see increased demand for our subscription offering across our business, resulting in a 70% subscription bookings mix for the quarter and 56% for the fiscal year, both well ahead of our guidance.”
Heppelmann added, “While our focus is on creating significant long-term value for our customers and shareholders through the transition to a subscription business model, it is important to note that a higher subscription mix negatively impacts near-term reported revenue and earnings.”
A complete chart of the financial results is available here.
About PTC
PTC (NASDAQ: PTC) is a global provider of technology platforms and solutions that transform how companies create, operate, and service the “things” in the internet of things (IoT). The company’s next-generation ThingWorx technology platform gives developers the tools they need to capture, analyze, and capitalize on the vast amounts of data being generated by smart, connected products and systems. The company’s field-proven solutions are deployed in more than 26,000 businesses worldwide to generate a product or service advantage. PTC’s award-winning CEO, considered an industry thought leader, co-authored the definitive guides to the impact of the IoT on business in the Harvard Business Review.
For more information, please visit http://www.ptc.com/.