Dallas, Texas 04/30/2014 (FINANCIALSTRENDS) – PTC Inc. (NASDAQ:PTC) the technology company offering software services has reported quarterly results, which has resulted in further investor interest. PTC has reported performance results which are higher than analyst expectations.
Financial overview
PTC Inc.(NASDAQ:PTC)which was formerly called as Parametric Technology Corporation has a market capital of $4.16 billion and has a 52 week high of $40.40 and 52 week low of $23.05. The shares of this stock opened at $34.33 and showed EPS of1.22.
PTC Inc.(NASDAQ:PTC) which is located in Needham, US has been providing discrete solutions which provide business functions where the key to offer supply chain services as well as extensive engineering services. The company has also begun to work on technology solutions which provide technical support for businesses.
The combination of services and technical support has allowed PTC to provide wider user support. The third-party resellers as well as strategic partnerships are forged by PTC, allowing support and service support for global customers to be rendered seamlessly.
It’s current dual software business lines are operated on the basis of licenses. It also earns revenues in the form of support services where the exception is training-related products.
Positive Earnings Guidance
PTC Inc has provided fresh guidance on is third quarter earnings recently. The guidance on the Earnings Per Share will be in the region of $0.48 to $0.52. this is definitely priced higher in comparison to analyst estimates of $0.49.
The guidance offered in terms of revenue is $325 to $340 million which is much lesser than the consensus revenue of $330.33 million. Additionally, PTC update for the financial year 2014 guidance is $2.05 to $2.15.
Consensus Analyst Coverage
The upward guidance mentioned has attracted analyst coverage as well with the consensus research notification from analysts being $2.07 earnings per share for 2014.
