PTC Announces Third Quarter FY’16 Results

FY’16 Business Outlook
For the quarter and fiscal year ending September 30, 2016, the company expects:


In millions except per share amounts
Operating Measures⁽¹⁾	Q4’16 Low			Q4’16 High			FY’16 Low			FY’16 High

Subscription ACV	$	25		$	28		$	90		$	92
License and Subscription Bookings	$	111		$	121		$	370		$	380
Subscription % of Bookings		46	%		46	%		48	%		48	%
⁽¹⁾ An explanation of the metrics included in this table is provided below.

Financial Measures	Q4’16 Low			Q4’16 High			FY’16 Low			FY’16 High
Subscription Revenue	$	40		$	40		$	120		$	120
Support Revenue		155			155			649			649
Perpetual License Revenue		61			66			193			198
Total Software Revenue ⁽²⁾		256			261			962			967
Professional Services Revenue		49			49			198			198
Total Revenue ⁽²⁾	$	305		$	310		$	1,160		$	1,165

Operating Expense (GAAP)	$	196		$	198		$	809		$	811
Operating Expense (Non-GAAP)		170			172			667			669
Operating Margin (GAAP)		8	%		9	%		2	%		2	%
Operating Margin (Non-GAAP)		19	%		20	%		17	%		17	%
Tax Rate (GAAP)		(13	%)		(13	%)		(5	%)		(5	%)
Tax Rate (Non-GAAP)		10	%		8	%		8	%		7	%
Shares Outstanding		116			116			115			115
EPS (GAAP)	$	0.11		$	0.16			($ 0.11	)		($ 0.07	)
EPS (Non-GAAP) ⁽²⁾	$	0.36		$	0.41		$	1.36		$	1.41
Free Cash Flow							$	153		$	153
Adjusted Free Cash Flow ⁽³⁾							$	236		$	239

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