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].

Financial Data and Key Metrics Changes - For fiscal year 2023, the company achieved a 23% growth in Annual Recurring Revenue (ARR), with 13% organic growth, and revenue surpassed $2 billion [5][22] - Free cash flow for Q4 was $44 million, representing a 52% year-over-year increase, while full-year free cash flow reached $587 million, up 41% year-over-year [7][96] - The company reported a 38% operating efficiency for fiscal 2023, which is 620 basis points higher than fiscal 2022 [7] Business Line Data and Key Metrics Changes - In the CAD segment, ARR grew by 10% in Q4, primarily driven by Creo and Onshape [8] - The PLM segment saw a 34% ARR growth in Q4, with 15% organic growth, largely due to Windchill and strong demand for Codebeamer [15] - The acquisition of Pure Systems is expected to enhance the Codebeamer momentum [30] Market Data and Key Metrics Changes - ARR growth in the Americas was 25%, in Europe it was 24%, and in APAC it was 18% [88] - Demand for ALM tools is expanding across various verticals, particularly in the automotive industry due to the rise of software-defined vehicles [89] Company Strategy and Development Direction - The company is focused on maintaining double-digit ARR growth for fiscal 2024, with guidance set at 11% to 14% [6][14] - The transition to a subscription business model is expected to provide sustainable operating leverage and cash flow growth [7][20] - The new CEO, Neil Barua, emphasizes a disciplined and metrics-driven execution of the company's strategy [13][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a challenging economic environment, highlighting strong customer demand and low churn rates [87] - The company anticipates continued growth in ARR and free cash flow, with a focus on operational execution and customer satisfaction [20][37] Other Important Information - The company plans to prioritize debt repayment in fiscal 2024, with expectations to end the year with approximately $1.7 billion in gross debt [24] - The company has paused its share repurchase program and expects an increase in diluted share count by approximately 1 million shares in fiscal 2024 [24] Q&A Session Summary Question: Insights on the strategic roadmap for fiscal '26 - The new CEO indicated that there are nuances in the strategic roadmap that will be shared in detail at the upcoming Investor Day, focusing on PLM expansion capabilities [43] Question: Strength of Codebeamer and customer upgrades - Management noted that the momentum in Codebeamer is driven by displacing other tools and expanding into new customer segments, particularly in the automotive sector [45][46] Question: Customer feedback on PLM and CAD cloud transition - The CEO highlighted ongoing interest in SaaS offerings and the importance of optimizing customer conversion experiences, while noting that current ARR growth is driven by multiple factors beyond SaaS [50][51] Question: Visibility into fiscal '24 performance - Management expressed confidence in visibility due to multiyear contracts and high retention rates, along with deferred ARR providing additional assurance [55][56] Question: Opportunities for monetization beyond existing users - The company is exploring revenue opportunities as Windchill expands beyond engineering into other enterprise functions, with a focus on metrics-driven approaches for sustained growth [58][62]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ 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) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 121 Seaport Boulevard, Boston, MA 02210 (Address of principal executive offices, including zip code) (781) 370-500 ...

PTC Inc. (NASDAQ:PTC) Q3 2023 Earnings Conference Call July 26, 2023 5:00 PM ET Company Participants Matt Shimao - Head, IR Jim Heppelmann - CEO Kristian Talvitie - CFO Neil Barua - CEO Elect Conference Call Participants Jason Celino - KeyBanc Capital Markets Matt Hedberg - RBC Capital Markets Steve Tusa - JPMorgan Matthew Broome - Mizuho Securities Adam Borg - Stifel Jay Vleeschhouwer - Griffin Securities Joshua Tilton - Wolfe Research Ken Wong - Oppenheimer Daniel Jester - BMO Capital Markets Saket Kalia ...

Cash and cash equivalents of $282 million $500 million term loan with a variable interest rate of 6.9% $30 million imputed interest Gross debt expected to be approximately $2.3 billion at the end of FY'23 We expect our fully diluted share count to increase by approximately 1 million in FY'23 In millions 1 At end of Q3'23 FX rates, FY'23 ARR would be higher by approximately $64 million, compared to our constant currency guidance $1,935 - $1,950 23% - 24% $1,935 - $1,950 (11%) - (4%) $0.95 - $1.25 Raising our ...

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 March 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) (State or other jurisdiction of incorporation or organization) (I.R. ...