PTC Provides Preliminary Q2 Revs $300M vs $314M Est; EPS $0.26-0.28 vs $0.34 Est

PTC PMTC today provided preliminary financial results for its fiscal quarter ended March 31, 2012. Highlights Q2 Non-GAAP revenue of approximately $300 million and non-GAAP EPS of $0.26-$0.28 Q2 GAAP revenue of approximately $299 million and GAAP EPS of $0.00-$0.02 Q2 license revenue of approximately $75 million Q2 revenue contribution from MKS (acquired on May 31, 2011) and 4CS Solutions (acquired on September 2, 2011) was $23 million on a non-GAAP basis and $22 million on a GAAP basis The preliminary Q2 non-GAAP revenue results exclude a $1 million effect of purchase accounting on the fair value of the acquired deferred maintenance balance of MKS Inc. The preliminary Q2 non-GAAP EPS results also exclude $13 million of stock-based compensation expense, $9 million of acquisition-related intangible asset amortization, $21 million of restructuring expense, and related income tax adjustments. The preliminary Q2 results include a non-GAAP tax rate of approximately 25%, an immaterial GAAP tax provision and 121 million diluted shares outstanding.