Financial Data and Key Metrics Changes - At the end of Q2, the constant currency ARR was $2.075 billion, up 12% year-over-year, exceeding guidance [12] - Operating cash flow was $251 million and free cash flow was $247 million, both up 19% year-over-year [102] - The company expects to end the year with gross debt of approximately $1.7 billion after paying down $256 million in Q2 [104] Business Line Data and Key Metrics Changes - In CAD, constant currency ARR growth was 11%, primarily driven by Creo [13] - In PLM, constant currency ARR growth was 13%, primarily driven by Windchill [13] - ServiceMax, acquired in Q2 of fiscal '23, is now included in organic ARR results, contributing to overall growth [12] Market Data and Key Metrics Changes - Organic ARR growth was solid across the Americas, Europe, and APAC, with growth in the low to mid double digits [103] - The company noted that the overall demand environment has been sluggish for several quarters, yet top-line resilience was observed [13] Company Strategy and Development Direction - The company is rebalancing resources in R&D to focus more on PLM, ALM, and SLM growth rather than standalone IoT and AR applications [4] - The five focus areas include PLM (Windchill), ALM (Codebeamer), SLM (ServiceMax), CAD (Creo), and SaaS [93] - The company aims to maintain a low cash balance while returning approximately 50% of free cash flow to shareholders via share repurchases in the future [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving cash flow targets despite a challenging selling environment [87] - The mid-term ARR growth target has been updated to low double digits, reflecting current market conditions [92] - Management emphasized the importance of digital transformation for customers and the necessity of advanced PLM systems [6] Other Important Information - The company is focusing on operational improvements and innovative ways to drive efficiency [10] - The diluted share count is expected to increase by approximately 1.5 million shares in fiscal '24, up from a previous expectation of 1 million shares [15] - The company is pausing share repurchases to focus on debt reduction following strategic acquisitions [14] Q&A Session Summary Question: Update on mid-term ARR growth outlook - The company updated its constant currency ARR guidance to 11% to 13% for the year, reflecting a more stable outlook [28] Question: Comments on capital deployment strategy and inorganic growth - Management indicated that while they are focused on organic growth, they remain open to tuck-in acquisitions if they align with strategic priorities [32] Question: Confidence in free cash flow targets amidst ARR changes - Management expressed confidence in hitting free cash flow targets despite changes in ARR expectations [34] Question: Insights on the selling environment and industry verticals - Management noted that the selling environment remains challenging, particularly for larger deals, but they are optimistic about their positioning in key verticals [123][125] Question: Integration of products and impact on business variability - Management highlighted the importance of integrating products across the portfolio to enhance customer retention and reduce business variability [134]

CAD SaaS Converting our installed base Growth primarily driven by Windchill Americas Europe APAC | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|---------------|---------------|-------|-------|-------|-------------|-----------|-------|-------|------------|-------------| | $929 | $929 | $1,029 \n+11% | $1,029 \n+11% | $667 | $654 | | $758 \n+14% | $744 +14% | $286 | $267 | $302 \n+6% | $302 \n+13% | | | Q2'23 | | Q2'24 | | Q2'23 | | Q2'24 | | | Q2'23 | Q2'24 | ...

PTC Inc. (PTC) reported $603.07 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 11.2%. EPS of $1.46 for the same period compares to $1.16 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $575.53 million, representing a surprise of +4.79%. The company delivered an EPS surprise of +18.70%, with the consensus EPS estimate being $1.23.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

EX 99.1 PTC ANNOUNCES SECOND FISCAL QUARTER 2024 RESULTS Solid ARR and Cash Flow in Q2 of Fiscal 2024 Updating Fiscal 2024 and Mid-Term Targets BOSTON, MA, May 1, 2024 - PTC (NASDAQ: PTC) today reported financial results for its second fiscal quarter ended March 31, 2024. "In our second fiscal quarter, we again delivered solid results. We have a differentiated strategy that leverages our unique product portfolio to enable our customers with their digital transformation journeys. Our consistent ARR and free ...

The upcoming report from PTC Inc. (PTC) is expected to reveal quarterly earnings of $1.23 per share, indicating an increase of 6% compared to the year-ago period. Analysts forecast revenues of $575.53 million, representing an increase of 6.2% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announces its earnings, it is esse ...

PTC Inc (PTC) is slated to report second-quarter fiscal 2024 results on May 1.The Zacks Consensus Estimate for revenues is pegged at $575.5 million, suggesting growth of 6.2% from a year ago. The consensus estimate for earnings is pegged at $1.23 per share, indicating an increase of 6% from the prior year.The company has a trailing four-quarter earnings surprise of 6.2%, on average.Factors to ConsiderIncreasing demand for products, especially digital transformation and software-as-a-service or SaaS, across ...

The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading retail product lifecycle management (RPLM) vendors. PTC, with its comprehensive technology for Retail Product Lifecycle Management (RPLM), receives the highest ratings across the parameters of technology excellence and customer impact. MIDDLETON, Mass., April 25, 2024 /PRNewswire/ -- Quadrant Knowledge Solutions announced today that it has named PTC as the 2024 Outright Leader in the SPARK Matrix analysis ...

PTC Inc (PTC) and Trax have collaborated to integrate Trax's platforms with PTC's Servigistics. The collaboration aims to develop innovative joint solutions that enhance efficiency and redefine service supply-chain optimization in airline and MRO maintenance activities.Servigistics is a service parts optimization solution that utilizes artificial intelligence, machine learning, and advanced data science to solve complex service supply-chain problems. Its features are specifically designed to enable business ...

BOSTON, April 10, 2024 /PRNewswire/ -- PTC (Nasdaq: PTC) will release its fiscal 2024 second quarter results on Wednesday, May 1st after the stock market closes. Senior management will host a live webcast and conference call to review the results on Wednesday, May 1st at 5pm Eastern Time. The earnings press release, accompanying earnings presentation, and financial data tables will be accessible prior to the conference call and webcast on the Investor Relations section of the Company's website at PTC Invest ...

This isn't an argument about whether PTC (PTC -0.46%) or Trimble (TRMB 0.94%) is the better company; both are great and have excellent long-term prospects. Instead, I think one stock has a notably better risk/reward profile and is worth buying now, while the other is fully valued and has some near-term risk around its full-year guidance.PTC has an exciting futureIndustrial software companies' solutions are the future of manufacturing. The digital revolution sweeping the manufacturing and industrial sectors ...