HOUSTON--(BUSINESS WIRE)--HungerRush, the leading cloud software provider for the restaurant industry, today announced the appointment of Mike Jerich as Chief Executive Officer effective February 5th. Mike succeeds Interim Chief Executive Officer Bill Mitchell, who has been elevated to Executive Chair of the Board of Directors. In his new role, Bill will continue providing his invaluable guidance and expertise, drawn from 30 years of exceptional leadership experience. He will remain actively involved in key ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_ to_ Commission File Number: 0-18059 PTC Inc. (Exact name of registrant as specified in its charter) Massachusetts 04-2866152 (State or other jurisdiction of incorpor ...

PTC Inc (NASDAQ:PTC) Q1 2024 Earnings Conference Call January 31, 2024 5:00 PM ET Company Participants Matt Shimao - Head of Investor Relations Jim Heppelmann - Chief Executive Officer Neil Barua - Chief Executive Officer-elect Kristian Talvitie - Chief financial Officer Conference Call Participants Joshua Tilton - Wolfe Research Clark Jeffries - Piper Sandler Yun Kim - Loop Capital Matt Hedberg - RBC Capital Markets Adam Borg - Stifel Joe Vruwink - Baird Tyler Radke - Citi Matt Broome - Mizuho Securities S ...

PTC Inc. (PTC) reported $550.21 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 18.1%. EPS of $1.11 for the same period compares to $0.99 a year ago.The reported revenue represents a surprise of +2.16% over the Zacks Consensus Estimate of $538.59 million. With the consensus EPS estimate being $0.98, the EPS surprise was +13.27%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

PTC Inc. (PTC) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.99 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.27%. A quarter ago, it was expected that this product development software maker would post earnings of $1.14 per share when it actually produced earnings of $1.20, delivering a surprise of 5.26%.Over the last four quar ...

Analysts on Wall Street project that PTC Inc. (PTC) will announce quarterly earnings of $0.98 per share in its forthcoming report, representing a decline of 1% year over year. Revenues are projected to reach $538.59 million, increasing 15.6% from the same quarter last year.The consensus EPS estimate for the quarter has undergone an upward revision of 4.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates duri ...

The market expects PTC Inc. (PTC) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...

BOSTON, Jan. 11, 2024 /PRNewswire/ -- PTC (Nasdaq: PTC) will release its fiscal 2024 first quarter results on Wednesday, January 31st after the stock market closes. Senior management will host a live webcast and conference call to review the results on Wednesday, January 31st 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 PT ...

Financial Performance - ARR grew 26% (23% constant currency) to $1.98 billion as of the end of FY'23 compared to FY'22, with organic ARR growth of 15% (13% constant currency) to $1.81 billion [142]. - Total revenue for FY'23 was $2.10 billion, reflecting an 8% increase (12% constant currency) compared to FY'22, driven by contributions from ServiceMax and Codebeamer [144]. - Non-GAAP operating income for FY'23 was $758.9 million, a 4% increase from $732.2 million in FY'22 [149]. - PLM software revenue grew 21% to $1.19 billion in FY'23, benefiting from contributions from ServiceMax and Codebeamer [163]. - CAD software revenue decreased by 4% to $760.6 million in FY'23, with constant currency revenue growth flat due to shorter contract durations [164]. - GAAP net income decreased to $245.5 million in FY'23 from $313.1 million in FY'22, a decline of about 21.6% [220]. - Non-GAAP net income for FY'23 was $517.6 million, slightly down from $541.5 million in FY'22, reflecting a decrease of approximately 4.4% [220]. - GAAP diluted earnings per share (EPS) fell to $2.06 in FY'23 from $2.65 in FY'22, a decline of about 22.2% [220]. - Non-GAAP diluted EPS for FY'23 was $4.34, down from $4.58 in FY'22, indicating a decrease of approximately 5.2% [220]. Cash Flow and Operations - Cash from operations increased by 40% to $611 million in FY'23, while free cash flow rose 41% to $587 million [143]. - Cash provided by operating activities increased by $175.6 million to $610.9 million in FY'23 compared to $435.3 million in FY'22 [188]. - Free cash flow for FY'23 was $587.0 million, a significant increase from $415.8 million in FY'22, representing a growth of approximately 41.2% [220]. - Cash and cash equivalents totaled $288.1 million as of September 30, 2023, up from $272.2 million in FY'22 [183]. - Cash used in investing activities was $(866.1) million in FY'23, primarily due to the acquisition of ServiceMax [185]. Expenses and Margins - Operating expenses increased by 9% to $1.20 billion in FY'23, reflecting higher costs associated with the ServiceMax acquisition [149]. - Total operating expenses increased by 9% to $1,197.6 million in FY'23 from $1,100.0 million in FY'22 [172]. - Research and development expenses rose by 16% to $394.4 million, accounting for 19% of total revenue in FY'23 [172]. - Total gross margin for FY'23 was $1.66 billion, a 7% increase from FY'22, with a gross margin percentage of 79% [166]. - GAAP gross margin for FY'23 was $1,656.0 million, up from $1,547.4 million in FY'22, reflecting an increase of approximately 7.1% [220]. - Non-GAAP gross margin for FY'23 reached $1,712.6 million, compared to $1,595.7 million in FY'22, indicating a growth of about 7.3% [220]. - GAAP operating margin for FY'23 was 21.9%, down from 23.1% in FY'22, reflecting a decrease of approximately 5.2% [222]. - Non-GAAP operating margin for FY'23 was 36.2%, down from 37.9% in FY'22, indicating a decline of about 4.5% [222]. Debt and Interest - Total debt as of September 30, 2023, was $1,702.0 million, with $1,695.8 million net of issuance costs [191]. - Interest expense surged by 138% to $(129.4) million in FY'23, driven by higher total debt and interest rates [176]. - The annual rate on the credit facility loans was 7.18% as of September 30, 2023, with a 100 basis point change in interest rates potentially impacting earnings and cash flows by $7 million [261]. - As of September 30, 2023, the company had $702 million outstanding under its credit facility [261]. Foreign Currency Impact - Approximately 50% of revenue and 35% of expenses were transacted in currencies other than the U.S. Dollar, impacting reported results due to foreign currency exchange fluctuations [152]. - A $0.10 change in the USD to EUR exchange rate would impact operating income by approximately $30 million, while a 10 Yen change in the Yen to USD exchange rate would impact operating income by approximately $6 million [255]. - Changes in foreign currencies relative to the U.S. Dollar had a favorable impact of $2.9 million and an unfavorable impact of $24.2 million on consolidated cash balances in FY'23 and FY'22, respectively [263]. - The company does not enter into or hold foreign currency derivative financial instruments for trading or speculative purposes [254]. - The foreign currency hedging program primarily uses forward contracts and options denominated in Euro, Swedish Krona, and Swiss Franc currencies, with maturities of less than four months [257]. Acquisition and Future Outlook - The company expects capital expenditure requirements of approximately $20 million in FY'24 [195]. - The company had a $620 million deferred acquisition payment liability related to the $650 million installment for the ServiceMax acquisition, paid in October 2023 [261].

PTC Inc. (NASDAQ:PTC) Q4 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Matt Shimao - SVP, IR Jim Heppelmann - CEO Neil Barua - CEO-elect Kristian Talvitie - CFO Conference Call Participants Kyle Aberasturi - BMO Capital Markets Ken Wong - Oppenheimer Jason Celino - KeyBanc Capital Markets Saket Kalia - Barclays Andrew Obin - BofA Securities Steve Tusa - JPMorgan Jay Vleeschhouwer - Griffin Securities Blair Abernethy - Rosenblatt Securities Operator Good afternoon, ladies ...