Financial Data and Key Metrics Changes - For Q1 2025, the company's constant currency ARR was $2.277 billion, reflecting an 11% year-over-year increase [42] - Free cash flow for Q1 was $236 million, up 29% year-over-year, despite absorbing $11 million related to go-to-market realignment [43][46] - The company ended Q1 with cash and cash equivalents of $196 million and gross debt of $1.548 billion, maintaining a leverage ratio of 1.7 times [45][46] Business Line Data and Key Metrics Changes - Constant currency ARR growth was 9% in CAD, driven primarily by Creo, and 11% in PLM, primarily driven by Windchill, Codebeamer, IoT, and ServiceMax [44] - The ARR growth was 9% in the Americas and 12% in both Europe and Asia Pacific [44] Market Data and Key Metrics Changes - The company continues to experience a challenging selling environment, impacting close rates, but remains optimistic about future growth [42][41] - The macroeconomic environment is showing signs of improvement, with manufacturing PMI bouncing back above 50, which could positively influence sales [90] Company Strategy and Development Direction - The company is focused on a go-to-market transformation, emphasizing vertical alignment to capture long-term growth opportunities [9][12] - Key leadership changes have been made, including the appointment of a new Chief Revenue Officer to enhance sales performance and alignment across teams [10][11] - The company is concentrating on five core areas: PLM, ALM, SLM, CAD, and SaaS, to drive customer value [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about exiting fiscal 2025 with increased momentum, driven by product releases and AI initiatives [7][39] - The company expects to achieve low-double-digit ARR growth over the medium term, supported by a resilient subscription model and low churn rates [12][41] Other Important Information - The company is investing in AI capabilities across its product portfolio, with upcoming launches in ServiceMax and Codebeamer [22][25] - The company plans to return approximately 50% of free cash flow to shareholders through share repurchases, with a target of $300 million in fiscal 2025 [48] Q&A Session Summary Question: Comments on AI product organization and investment - The company is evolving its AI development efforts, with a focus on practical applications and alignment across product segments [72] Question: Competitive environment in PLM - The company is actively competing in the PLM space, focusing on the integration of Windchill and Codebeamer to enhance product development cycles [80] Question: Trajectory of net new ARR - The company anticipates a back-half loaded year, with expectations for improved performance in Q4 as go-to-market changes take effect [86][90] Question: Progress on go-to-market alignment - The company is pleased with the progress made in Q1 regarding go-to-market changes and is optimistic about future execution [125] Question: AI product launches across the portfolio - The company plans to expand AI capabilities beyond just Codebeamer and ServiceMax, with more developments expected across the entire product line [130]

Core Insights - PTC Inc. reported revenue of $565.13 million for the quarter ended December 2024, reflecting a year-over-year increase of 2.7% [1] - The company's EPS was $1.10, slightly down from $1.11 in the same quarter last year, but exceeded the consensus estimate of $0.91 by 20.88% [1] - The reported revenue surpassed the Zacks Consensus Estimate of $551.92 million, resulting in a surprise of 2.39% [1] Financial Performance Metrics - Annual Recurring Revenue (ARR) was reported at $2.21 billion, below the three-analyst average estimate of $2.28 billion [4] - Recurring Revenue reached $524.31 million, exceeding the four-analyst average estimate of $515.94 million, with a year-over-year increase of 3.6% [4] - Professional Services revenue was $31.41 million, slightly above the four-analyst average estimate of $31.14 million, but showed a year-over-year decline of 12.1% [4] - Perpetual License revenue was reported at $9.41 million, significantly above the four-analyst average estimate of $6.76 million, marking an 11.4% year-over-year increase [4] Stock Performance - PTC Inc. shares have returned 4.4% over the past month, outperforming the Zacks S&P 500 composite's 1.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

PTC Inc. (PTC) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.88%. A quarter ago, it was expected that this product development software maker would post earnings of $1.43 per share when it actually produced earnings of $1.54, delivering a surprise of 7.69%.Over the last four quar ...

EX 99.1 PTC ANNOUNCES FIRST FISCAL QUARTER 2025 RESULTS First Fiscal Quarter 2025 Highlights Key operating and financial highlights are set forth below. The definitions of our operating and non-GAAP financial measures and reconciliations of non-GAAP financial measures to comparable GAAP measures are included below and in the reconciliation tables at the end of this press release. | $ in millions | Q1'25 | Q1'24 | YoY Change | Q1'25 Guidance | | --- | --- | --- | --- | --- | | ARR as reported | $2,205 | $2,0 ...

Solid ARR and Cash FlowBOSTON, Feb. 5, 2025 /PRNewswire/ -- PTC (NASDAQ: PTC) today reported financial results for its first fiscal quarter ended December 31, 2024."In Q1'25, we delivered solid year-over-year constant currency ARR growth of 11% and cash flow growth above 25%, which was in-line with our guidance. Our differentiated strategy leverages our unique portfolio to help product companies accelerate their time to market and manage increasing complexity. It's an exciting time because our products are ...

Wall Street analysts expect PTC Inc. (PTC) to post quarterly earnings of $0.91 per share in its upcoming report, which indicates a year-over-year decline of 18%. Revenues are expected to be $551.92 million, up 0.3% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Ahead of a company's earnings disclosure, it is crucial to give d ...

PTC Inc (PTC) is scheduled to report first-quarter fiscal 2025 results on Feb. 5.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.For the quarter, PTC anticipates revenues between $540 million and $570 million. Non-GAAP EPS is expected in the range of 75 cents to 95 cents.The Zacks Consensus Estimate for revenues is pegged at $551.9 million, indicating an increase of 0.3% from the year-ago reported number. The consensus estimate for earnings is pegged at 91 cents per share, down 18% ...

BOSTON, Jan. 15, 2025 /PRNewswire/ -- PTC (Nasdaq: PTC) will release its fiscal 2025 first quarter results on Wednesday, February 5th after the stock market closes. Senior management will host a live webcast and conference call to review the results on Wednesday, February 5th at 5 pm 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 P ...

– Unaudited 2024 total revenue of approximately $814 million, exceeding guidance –– Four approval applications submitted to FDA in 2024 –– Global launch preparations underway for sepiapterin for PKU, a $1 billion market opportunity; CHMP opinion expected Q2 2025, U.S. approval decision in July 2025 –  – License and collaboration agreement with Novartis for PTC518 program closed – – PIVOT-HD data readout for PTC518 expected Q2 2025 –WARREN, N.J., Jan. 13, 2025 /PRNewswire/ -- PTC Therapeutics, Inc. (NASDAQ: ...

He also leads the investing group IPO Edge , which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to init ...