Financial Performance - Q2'25 ARR as reported reached $2290 million, a 10% increase year-over-year[12] - Constant currency ARR at FY'25 Plan FX rates was $2326 million, also showing a 10% year-over-year growth[12] - Operating cash flow for Q2'25 was $281 million, a 12% increase compared to Q2'24[13] - Free cash flow for Q2'25 was $279 million, a 13% increase compared to Q2'24[13] Product and Geographic ARR - CAD ARR grew by 8% to $897 million on a constant currency basis[16] - PLM ARR grew by 11% to $1429 million on a constant currency basis[19] - Americas ARR grew by 9% to $1125 million on a constant currency basis[20] - Europe ARR grew by 11% to $861 million on a constant currency basis[21] - APAC ARR grew by 9% to $340 million on a constant currency basis[22] Balance Sheet and Capital Allocation - The company's gross debt was $1393 million with a weighted average interest rate of 52% as of Q2'25[24] - $155 million was used to pay down debt in Q2'25[26] - $75 million was used to repurchase shares of common stock in Q2'25[26] FY'25 Guidance - The company expects constant currency ARR growth of 7% to 9% for FY'25[27] - Free cash flow guidance for FY'25 is $840 million to $850 million[27]
PTC(PTC) - 2025 Q2 - Earnings Call Presentation