• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    PTC ANNOUNCES FIRST FISCAL QUARTER 2025 RESULTS

    2/5/25 4:01:00 PM ET
    $PTC
    Computer Software: Prepackaged Software
    Technology
    Get the next $PTC alert in real time by email

    Solid ARR and Cash Flow

    BOSTON, Feb. 5, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today reported financial results for its first fiscal quarter ended December 31, 2024.

    PTC - digital transforms physical. (PRNewsfoto/PTC Inc.)

    "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 at the epicenter of driving business transformation at our customers," said Neil Barua, President and CEO, PTC.

    "In order to better serve the needs of our customers and strengthen our ability to drive consistent growth, in Q1'25, we began the realignment of our go-to-market organization to align with the vertical industries we serve. We will continue to focus on optimizing how we operate, so we can increase customer value while also enhancing shareholder returns," concluded Barua.

    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

    $2,057

    7 %





    Constant currency ARR (FY'25 Plan FX rates1)

    $2,277

    $2,059

    11 %



    ~10.5% growth

    Operating cash flow

    $238

    $187

    27 %



    ~$234

    Free cash flow

    $236

    $183

    29 %



    ~$230

    Revenue2

    $565

    $550

    3%3



    $540 to $570

    Operating margin2

    20 %

    22 %

     (110 bps)





    Non-GAAP operating margin2

    34 %

    36 %

    (240 bps)





    Earnings per share2

    $0.684

    $0.55

    23 %



    $0.28 to $0.52

    Non-GAAP earnings per share2

    $1.10

    $1.11

    (0 %)



    $0.75 to $0.95

    Total cash and cash equivalents

    $196

    $265

    (26 %)





    Gross debt5

    $1,548

    $2,267

    (32 %)









    1

    On a constant currency basis, using our FY'25 Plan foreign exchange rates (rates as of September 30, 2024) for all periods.

    2

    Revenue and, as a result, operating margin and earnings per share are impacted under ASC 606.

    3

    In Q1'25, revenue grew 2% year over year on a constant currency basis. 

    4

    Q1'25 GAAP EPS included a non-cash tax benefit of $5.4 million or $0.04, due to the release of a tax reserve related to prior years.

    5

    Gross debt excludes unamortized debt issuance costs.

    "In a selling environment that continued to be challenging, our Q1'25 ARR grew 11% year over year on a constant currency basis. Our Q1'25 cash flow was solid, with operating cash flow growing 27% year over year and free cash flow growing 29% year over year, driven by ARR growth and a disciplined process for incremental investment in our business. Additionally, as we indicated, we resumed share repurchases, buying back $75 million worth of our stock in Q1," said Kristian Talvitie, CFO.

    "Given our differentiated product portfolio, the resilience of our subscription business model, the actions we have taken over time to align our investments with market opportunities, and allowing that our go-to-market changes are expected to take time to have their intended effect, we expect Q2'25 constant currency ARR growth of approximately 9.5%. Supported by ARR growth, the predictability of our cash collections, the disciplined budgeting structure we have in place, and being mindful of foreign exchange rate fluctuations, we expect Q2'25 free cash flow of approximately $270 million. We also intend to continue to execute on our share repurchase program, with approximately $75 million of buy backs expected in Q2'25," Talvitie concluded.

    Full Fiscal Year 2025 and Second Fiscal Quarter Guidance

    $ in millions

    FY'25 Previous

    Guidance

    FY'25

    Guidance

    FY'25 YoY

    Growth

    Guidance



    Q2'25

    Guidance

    Constant currency ARR (FY'25 Plan FX rates1)

    9% to 10% growth

    9% to 10% growth

    9% to 10%



    ~9.5% growth

    Operating cash flow

    $850 to $8652

    $850 to $8652

    13% to 15%



    ~$2742

    Free cash flow

    $835 to $8502

    $835 to $8502

    14% to 16%



    ~$2702

    Revenue

    $2,505 to $2,605

    $2,430 to $2,530

    6% to 10%



    $590 to $620

    Earnings per share

    $3.68 to $4.57

    $3.36 to $4.24

    8% to 36%



    $0.79 to $1.05

    Non-GAAP earnings per share

    $5.60 to $6.30

    $5.30 to $6.00

    4% to 18%



    $1.30 to $1.50





    1

    On a constant currency basis, using our FY'25 Plan foreign exchange rates (rates as of September 30, 2024) for all periods.

    2

    FY'25 cash flow guidance includes approximately $20 million of outflows related to go-to-market realignment, of which $11 million was paid out in Q1'25 and approximately $4 million is expected in Q2'25.

     

    Reconciliation of Operating Cash Flow Guidance to Free Cash Flow Guidance

    $ in millions

    FY'25

    Guidance

    Q2'25

    Guidance





    Operating cash flow

    $850 to $865

    ~$274



    Capital expenditures

    ~$15

    ~$4



    Free cash flow

    $835 to $850

    ~$270



     

    Reconciliation of EPS Guidance to Non-GAAP EPS Guidance



    FY'25

    Guidance

    Q2'25

    Guidance





    Earnings per share

    $3.36 to $4.24

    $0.79 to $1.05



    Stock-based compensation expense

    $1.90 to $1.66

    $0.48 to $0.40



    Intangible asset amortization expense

    ~$0.65

    ~$0.16



    Impairment charges to right-of-use lease assets

    ~$0.04

    ~$0.04



    Income tax adjustments related to the reconciling items

    ($0.65) to ($0.59)

    ($0.17) to ($0.15)



    Non-GAAP Earnings per share

    $5.30 to $6.00

    $1.30 to $1.50



     

    FY'25 financial guidance includes the following assumptions:

    • We provide ARR guidance on a constant currency basis, using our FY'25 Plan foreign exchange rates (rates as of September 30, 2024) for all periods.
    • We expect churn to remain low.
    • For cash flow, due to largely similar invoicing seasonality, and consistent with the past 4 years, we expect the majority of our collections to occur in the first half of our fiscal year and for fiscal Q4 to be our lowest cash flow generation quarter.
    • Compared to FY'24, at our FY'25 ARR guidance, FY'25 GAAP operating expenses are expected to increase approximately 4% and FY'25 non-GAAP operating expenses are expected to increase approximately 5%, primarily due to investments to drive future growth.
    • Cash flow guidance includes approximately $20 million of outflows related to go-to-market realignment.
    • Capital expenditures are expected to be approximately $15 million.
    • Cash interest payments are expected to be approximately $90 million.
    • Cash tax payments are expected to be approximately $110 million.
    • GAAP and non-GAAP tax rates are expected to be approximately 25%.
    • GAAP P&L results are expected to include the items below, totaling approximately $284 million to $314 million, as well as their related tax effects:
      • approximately $200 million to $230 million of stock-based compensation expense,
      • approximately $79 million of intangible asset amortization expense, and
      • approximately $5 million of impairment charges to right-of-use lease assets related to facilities subleasing activities.
    • Our long-term goal, assuming our Debt/EBITDA ratio is below 3x, is to return approximately 50% of our free cash flow to shareholders via share repurchases, while also taking into consideration the interest rate environment and strategic opportunities.
      • We currently intend to repurchase approximately $300 million of our common stock in FY'25 and retire the $500 million senior notes due in Q2'25.
      • We currently expect our fully diluted share count to be approximately flat in FY'25.

    PTC's First Fiscal Quarter Results Conference Call

    The Company will host a conference call to discuss results at 5:00 pm ET on Wednesday, February 5, 2025. To participate in the live conference call, dial (888) 330-2508 or (240) 789-2735, provide the passcode 7328695, and press # or log in to the webcast, available on PTC's Investor Relations website. A replay will also be available.

    Important Information About Our Operating and Non-GAAP Financial Measures

    Non-GAAP Financial Measures

    We provide supplemental non-GAAP financial measures to our financial results. We use these non-GAAP financial measures, and we believe that they assist our investors, to make period-to-period comparisons of our operating performance because they provide a view of our operating results without items that are not, in our view, indicative of our operating results. These non-GAAP financial measures should not be construed as an alternative to GAAP results as the items excluded from the non-GAAP financial measures often have a material impact on our operating results, certain of those items are recurring, and others often recur. Management uses, and investors should consider, our non-GAAP financial measures only in conjunction with our GAAP results.

    Non-GAAP operating expense, non-GAAP operating margin, non-GAAP gross profit, non-GAAP gross margin, non-GAAP net income and non-GAAP EPS exclude the effect of the following items: stock-based compensation; amortization of acquired intangible assets; acquisition and transaction-related charges included in general and administrative expenses; restructuring and other charges and credits, net; non-operating charges and credits shown in the reconciliation provided; and income tax adjustments. Additional information about the items we exclude from our non-GAAP financial measures and the reasons we exclude them can be found in "Non-GAAP Financial Measures" in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024.

    Free Cash Flow: We provide information on free cash flow to enable investors to assess our ability to generate cash without incurring additional external financings and to evaluate our performance against our announced long-term goals and intent to return approximately 50% of our free cash flow to shareholders via stock repurchases. Free cash flow is cash provided by (used in) operations net of capital expenditures. Free cash flow is not a measure of cash available for discretionary expenditures.

    Constant Currency (CC): We present CC information to provide a framework for assessing how our underlying business performed excluding the effects of foreign currency exchange rate fluctuations. To present CC information, FY'25 and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars using the foreign exchange rate as of September 30, 2024, rather than the actual exchange rates in effect during that period.

    Operating Measure

    ARR: ARR (Annual Run Rate) represents the annualized value of our portfolio of active subscription software, SaaS, hosting, and support contracts as of the end of the reporting period. We calculate ARR as follows:

    • We consider a contract to be active when the product or service contractual term commences (the "start date") until the right to use the product or service ends (the "expiration date"). Even if the contract with the customer is executed before the start date, the contract will not count toward ARR until the customer right to receive the benefit of the products or services has commenced.
    • For contracts that include annual values that increase over time as there are additional deliverables in subsequent periods, which we refer to as ramp contracts, we include in ARR only the annualized value of components of the contract that are considered active as of the date of the ARR calculation. We do not include the future committed increases in the contract value as of the date of the ARR calculation.
    • As ARR includes only contracts that are active at the end of the reporting period, ARR does not reflect assumptions or estimates regarding future customer renewals or non-renewals.
    • Active contracts are annualized by dividing the total active contract value by the contract duration in days (expiration date minus start date), then multiplying that by 365 days (or 366 days for leap years).

    We believe ARR is a valuable operating measure to assess the health of a subscription business because it is aligned with the amount that we invoice the customer on an annual basis. We invoice customers annually for the current year of the contract. A customer with a one-year contract will typically be invoiced for the total value of the contract at the beginning of the contractual term, while a customer with a multi-year contract will be invoiced for each annual period at the beginning of each year of the contract.

    ARR increases by the annualized value of active contracts that commence in a reporting period and decreases by the annualized value of contracts that expire in the reporting period.

    As ARR is not annualized recurring revenue, it is not calculated based on recognized or unearned revenue and is not affected by variability in the timing of revenue under ASC 606, particularly for on-premises license subscriptions where a substantial portion of the total value of the contract is recognized at a point in time upon the later of when the software is made available, or the subscription term commences.

    ARR should be viewed independently of recognized and unearned revenue and is not intended to be combined with, or to replace, either of those items. Investors should consider our ARR operating measure only in conjunction with our GAAP financial results.

    Because ARR is independent of recognized and unearned revenue, deferred ARR should not be viewed as a measurement of revenue which will be recognized in future periods.

    Forward-Looking Statements

    Statements in this document that are not historic facts, including statements about our future financial and growth expectations and targets, potential stock repurchases, and the expected effect of our go-to-market realignment, are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks include: the macroeconomic and/or global manufacturing climates may not improve or may deteriorate due to, among other factors, the effects of recently imposed import tariffs and threats of additional import tariffs, volatile foreign exchange rates, high interest rates or increases in interest rates and inflation, tightening of credit standards and availability, geopolitical uncertainty, including the effects of the conflicts between Russia and Ukraine and in the Middle East, and tensions with China, any of which could cause customers to delay or reduce purchases of new software, reduce the number of subscriptions they carry, or delay payments to us, which would adversely affect ARR and/or our financial results and cash flow; our investments in our software solutions may not drive expansion of those solutions and/or generate the ARR and/or cash flow we expect if customers are slower to adopt those solutions than we expect or if they adopt competing solutions; our go-to-market realignment and other strategic initiatives to improve organizational and operational efficiency may not do so when or as we expect and may disrupt our business to a greater extent than we expect; other uses of cash or our credit facility limits could limit or preclude the return of 50% of free cash flow to shareholders via share repurchases, or could change the amount and timing of any share repurchases; and foreign exchange rates may differ materially from those we expect. In addition, our assumptions concerning our future GAAP and non-GAAP effective income tax rates are based on estimates and other factors that could change, including changes to tax laws in the U.S. and other countries and the geographic mix of our revenue, expenses, and profits. Other risks and uncertainties that could cause actual results to differ materially from those projected are detailed from time to time in reports we file with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the U.S. Securities and Exchange Commission.

    About PTC (NASDAQ:PTC)

    PTC (NASDAQ:PTC) is a global software company that enables industrial and manufacturing companies to digitally transform how they engineer, manufacture, and service the physical products that the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, please visit www.ptc.com.

    PTC.com   @PTC    Blogs

    PTC Investor Relations Contact   

    Matt Shimao

    SVP, Investor Relations

    [email protected]

    [email protected]

    PTC Inc.

    UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

    (in thousands, except per share data)































    Three Months Ended







    December 31,





    December 31,







    2024





    2023



















    Revenue:













    Recurring revenue

    $

    524,311





    $

    506,027





    Perpetual license



    9,405







    8,440





    Professional services



    31,412







    35,747





    Total revenue (1)



    565,128







    550,214



















    Cost of revenue (2)



    111,797







    110,020



















    Gross margin



    453,331







    440,194



















    Operating expenses:













    Sales and marketing (2)



    157,532







    136,924





    Research and development (2)



    115,516







    105,783





    General and administrative (2)



    53,319







    69,206





    Amortization of acquired intangible assets



    11,440







    10,363





    Restructuring and other credits, net



    -







    (795)





    Total operating expenses



    337,807







    321,481



















    Operating income



    115,524







    118,713





    Other expense, net



    (22,370)







    (33,114)





    Income before income taxes



    93,154







    85,599





    Provision (benefit) for income taxes



    10,922







    19,212





    Net income

    $

    82,232





    $

    66,387



















    Earnings per share:













    Basic

    $

    0.68





    $

    0.56





    Weighted average shares outstanding



    120,243







    119,124



















    Diluted

    $

    0.68





    $

    0.55





    Weighted average shares outstanding



    121,145







    120,250



















    (1) See supplemental financial data for revenue by license, support and cloud services, and professional services.

    (2) See supplemental financial data for additional information about stock-based compensation.

     

    PTC Inc.

    SUPPLEMENTAL FINANCIAL DATA FOR REVENUE AND STOCK-BASED COMPENSATION

    (in thousands, except per share data)





























    Revenue by license, support and services is as follows:















    Three Months Ended







    December 31,





    December 31,







    2024





    2023





    License revenue (1)

    $

    172,754





    $

    183,998





    Support and cloud services revenue



    360,962







    330,469





    Professional services revenue



    31,412







    35,747





    Total revenue

    $

    565,128





    $

    550,214



















    (1) License revenue includes the portion of subscription revenue allocated to license.















    The amounts in the income statement include stock-based compensation as follows:

















    Three Months Ended







    December 31,





    December 31,







    2024





    2023





    Cost of revenue

    $

    5,913





    $

    5,089





    Sales and marketing



    18,068







    16,127





    Research and development



    16,155







    14,238





    General and administrative



    15,715







    23,559





    Total stock-based compensation

    $

    55,851





    $

    59,013





     

    PTC Inc.

    NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS (UNAUDITED)

    (in thousands, except per share data)

















    Three Months Ended







    December 31,





    December 31,







    2024





    2023



















    GAAP gross margin

    $

    453,331





    $

    440,194





    Stock-based compensation



    5,913







    5,089





    Amortization of acquired intangible assets included in cost of revenue



    8,300







    9,566





    Non-GAAP gross margin

    $

    467,544





    $

    454,849



















    GAAP operating income

    $

    115,524





    $

    118,713





    Stock-based compensation



    55,851







    59,013





    Amortization of acquired intangible assets



    19,740







    19,929





    Acquisition and transaction-related charges



    215







    2,506





    Restructuring and other credits, net



    -







    (795)





    Non-GAAP operating income (1)

    $

    191,330





    $

    199,366



















    GAAP net income

    $

    82,232





    $

    66,387





    Stock-based compensation



    55,851







    59,013





    Amortization of acquired intangible assets



    19,740







    19,929





    Acquisition and transaction-related charges



    215







    2,506





    Restructuring and other credits, net



    -







    (795)





    Income tax adjustments (2)



    (24,691)







    (14,038)





    Non-GAAP net income

    $

    133,347





    $

    133,002



















    GAAP diluted earnings per share

    $

    0.68





    $

    0.55





    Stock-based compensation



    0.46







    0.49





    Amortization of acquired intangibles



    0.16







    0.17





    Acquisition and transaction-related charges



    0.00







    0.02





    Restructuring and other credits, net



    -







    (0.01)





    Income tax adjustments (2)



    (0.20)







    (0.12)





    Non-GAAP diluted earnings per share

    $

    1.10





    $

    1.11



















    (1) Operating margin impact of non-GAAP adjustments:















    Three Months Ended







    December 31,





    December 31,







    2024





    2023





    GAAP operating margin



    20.4

    %





    21.6

    %



    Stock-based compensation



    9.9

    %





    10.7

    %



    Amortization of acquired intangibles



    3.5

    %





    3.6

    %



    Acquisition and transaction-related charges



    0.0

    %





    0.5

    %



    Restructuring and other credits, net



    0.0

    %





    (0.1)

    %



    Non-GAAP operating margin



    33.9

    %





    36.2

    %

















    (2) Income tax adjustments reflect the tax effects of non-GAAP adjustments which are calculated by applying the applicable tax rate by jurisdiction to the non-GAAP adjustments listed above. Additionally, adjustments exclude a $5.4 million benefit in Q1'25 and $3.6 million charge in Q1'24 related to the non-cash tax impact of tax reserves related to prior years in foreign jurisdictions.

     

    PTC Inc.



    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS



    (in thousands)





























    December 31,





    September 30,





    2024





    2024















    ASSETS























    Cash and cash equivalents

    $

    196,338





    $

    265,808



    Accounts receivable, net



    694,807







    861,953



    Property and equipment, net



    71,069







    75,187



    Goodwill and acquired intangible assets, net



    4,295,528







    4,359,367



    Lease assets, net



    128,357







    133,317



    Other assets



    689,265







    687,910















    Total assets

    $

    6,075,364





    $

    6,383,542















    LIABILITIES AND STOCKHOLDERS' EQUITY























    Deferred revenue

    $

    726,167





    $

    775,274



    Debt, net of deferred issuance costs



    1,543,991







    1,748,572



    Lease obligations



    175,890







    181,754



    Other liabilities



    399,495







    463,544



    Stockholders' equity



    3,229,821







    3,214,398















    Total liabilities and stockholders' equity

    $

    6,075,364





    $

    6,383,542















     

    PTC Inc.

    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

    (in thousands)













































    Three Months Ended







    December 31,





    December 31,







    2024





    2023



















    Cash flows from operating activities:













    Net income

    $

    82,232





    $

    66,387





    Stock-based compensation



    55,851







    59,013





    Depreciation and amortization



    25,823







    27,222





    Amortization of right-of-use lease assets



    7,928







    7,724





    Operating lease liability



    (3,850)







    (4,953)





    Accounts receivable



    131,353







    153,950





    Accounts payable and accruals



    (15,336)







    (64,687)





    Deferred revenue



    (27,810)







    (29,094)





    Income taxes



    (13,528)







    13,467





    Other



    (4,234)







    (41,688)





    Net cash provided by operating activities



    238,429







    187,341



















    Capital expenditures



    (2,767)







    (4,563)





    Acquisition of businesses, net of cash acquired(1)



    -







    (93,457)





    Borrowings (payments) on debt, net(2)



    (205,125)







    558,404





    Repurchases of common stock



    (75,000)







    -





    Deferred acquisition payment(3)



    -







    (620,040)





    Payments of withholding taxes in connection with vesting of stock-based awards



    (42,789)







    (50,326)





    Settlement of net investment hedges



    28,308







    (7,347)





    Other financing & investing activities



    (1,410)







    -





    Foreign exchange impact on cash



    (9,201)







    6,689



















    Net change in cash, cash equivalents, and restricted cash



    (69,555)







    (23,299)





    Cash, cash equivalents, and restricted cash, beginning of period



    266,466







    288,798





    Cash, cash equivalents, and restricted cash, end of period

    $

    196,911





    $

    265,499



















    Supplemental cash flow information:













    Cash paid for interest(3)

    $

    15,398





    $

    44,757



















    (1) In Q1'24, we acquired pure-systems for $93 million, net of cash acquired.

    (2) In Q1'24, we borrowed $740 million to fund the ServiceMax deferred acquisition payment and the pure-systems acquisition and made $181 million in payments on our debt.

    (3) In Q1'24, we made a payment of $650 million to settle the ServiceMax deferred acquisition payment liability, of which $620 million is a financing outflow and $30 million is an operating outflow and included in cash paid for interest.

     

    PTC Inc.



    NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS (UNAUDITED)



    (in thousands)

































    Three Months Ended







    December 31,





    December 31,







    2024





    2023





    Cash provided by operating activities

    $

    238,429





    $

    187,341





    Capital expenditures



    (2,767)







    (4,563)





    Free cash flow

    $

    235,662





    $

    182,778













































     

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/ptc-announces-first-fiscal-quarter-2025-results-302369330.html

    SOURCE PTC Inc.

    Get the next $PTC alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $PTC

    DatePrice TargetRatingAnalyst
    5/1/2025$183.00 → $187.00Outperform
    BMO Capital Markets
    4/16/2025$220.00 → $183.00Outperform
    BMO Capital Markets
    4/9/2025$160.00Overweight → Neutral
    Analyst
    11/1/2024$210.00 → $196.00Buy → Hold
    Berenberg
    6/4/2024$200.00 → $190.00Buy → Neutral
    Mizuho
    1/4/2024$130.00 → $200.00Neutral → Overweight
    JP Morgan
    10/30/2023$165.00Perform → Outperform
    Oppenheimer
    6/14/2023$150.00Neutral
    Piper Sandler
    More analyst ratings

    $PTC
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • PTC ANNOUNCES SECOND FISCAL QUARTER 2025 RESULTS

      Delivered solid execution in Q2'25 and exceeded guidance across all metricsConstant Currency ARR Growth of 10% Operating Cash Flow Growth of 12%Free Cash Flow Growth of 13%Proceeding with share repurchases under our $2 billion authorizationContinuing to build a strong foundation for AI-driven and verticalized growthUpdating FY'25 guidance to proactively manage macroeconomic riskBOSTON, April 30, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today reported financial results for its second fiscal quarter ended March 31, 2025. "Q2 was a solid quarter for us, and I remain extremely optimi

      4/30/25 4:01:00 PM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology
    • PTC and Schaeffler Expand Strategic Relationship with Adoption of Windchill+ PLM

      Leading global automotive and industrial supplier continues product development modernization with transition to cloud-based Windchill+ PLMWindchill+ offers speed of deployment, upgrade, and collaboration benefits to help customers accelerate development timePTC and Schaeffler expect to collaborate on AI-driven product development initiativesBOSTON, April 30, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced that Schaeffler, a leading motion technology company, will adopt PTC's Windchill+® product lifecycle management (PLM) solution as it continues modernizing its product development practices and working to accelerate time to market. As part of a broader cloud-driven transformation effo

      4/30/25 8:30:00 AM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology
    • PTC Continues Onshape Momentum with Release of Onshape AI Advisor and Onshape Government

      New AI-powered assistant offers designers step-by-step guidance and recommendations during design processOnshape Government delivers cloud-native CAD and PDM to aerospace and defense companies with ITAR and EAR compliance requirementsBOSTON, April 15, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced two new offerings from its cloud-native Onshape® computer-aided design (CAD) and product data management (PDM) platform: Onshape AI Advisor, an intelligent, generative AI-powered assistant that enables the enhancement of design productivity and expertise, and Onshape Government, a specialized solution designed to meet the International Traffic in Arms Regulations (ITAR) and Export Administra

      4/15/25 8:30:00 AM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology

    $PTC
    SEC Filings

    See more
    • SEC Form 10-Q filed by PTC Inc.

      10-Q - PTC INC. (0000857005) (Filer)

      5/1/25 4:01:50 PM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology
    • PTC Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - PTC INC. (0000857005) (Filer)

      4/30/25 4:03:13 PM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology
    • PTC Inc. filed SEC Form 8-K: Leadership Update

      8-K - PTC INC. (0000857005) (Filer)

      3/13/25 4:03:21 PM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology

    $PTC
    Financials

    Live finance-specific insights

    See more

    $PTC
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more

    $PTC
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more

    $PTC
    Leadership Updates

    Live Leadership Updates

    See more

    $PTC
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • PTC ANNOUNCES SECOND FISCAL QUARTER 2025 RESULTS

      Delivered solid execution in Q2'25 and exceeded guidance across all metricsConstant Currency ARR Growth of 10% Operating Cash Flow Growth of 12%Free Cash Flow Growth of 13%Proceeding with share repurchases under our $2 billion authorizationContinuing to build a strong foundation for AI-driven and verticalized growthUpdating FY'25 guidance to proactively manage macroeconomic riskBOSTON, April 30, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today reported financial results for its second fiscal quarter ended March 31, 2025. "Q2 was a solid quarter for us, and I remain extremely optimi

      4/30/25 4:01:00 PM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology
    • PTC to Announce Fiscal Q2'25 Results on Wednesday, April 30th, 2025

      BOSTON, April 9, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) will release its fiscal 2025 second quarter results on Wednesday, April 30th after the stock market closes. Senior management will host a live webcast and conference call to review the results on Wednesday, April 30th 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 Investor Relations. What:  PTC Fiscal Q2'25 Conference Call and Webcast W

      4/9/25 7:00:00 AM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology
    • PTC ANNOUNCES FIRST FISCAL QUARTER 2025 RESULTS

      Solid ARR and Cash Flow BOSTON, 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 at the epicenter of driving business transformation at our customers,"

      2/5/25 4:01:00 PM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology
    • Amendment: SEC Form SC 13G/A filed by PTC Inc.

      SC 13G/A - PTC INC. (0000857005) (Subject)

      11/14/24 1:28:29 PM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology
    • SEC Form SC 13G/A filed by PTC Inc. (Amendment)

      SC 13G/A - PTC INC. (0000857005) (Subject)

      6/10/24 1:45:47 PM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology
    • SEC Form SC 13G/A filed by PTC Inc. (Amendment)

      SC 13G/A - PTC INC. (0000857005) (Subject)

      3/7/24 12:29:51 PM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology
    • EVP, GC and Secretary Von Staats Aaron C sold $318,080 worth of shares (1,988 units at $160.00), decreasing direct ownership by 10% to 17,731 units (SEC Form 4)

      4 - PTC INC. (0000857005) (Issuer)

      5/8/25 4:03:13 PM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology
    • Director Lathan Corinna sold $96,740 worth of shares (622 units at $155.53), decreasing direct ownership by 8% to 7,604 units (SEC Form 4)

      4 - PTC INC. (0000857005) (Issuer)

      3/19/25 8:50:20 AM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology
    • SEC Form 4 filed by Director Pham Trac

      4 - PTC INC. (0000857005) (Issuer)

      3/18/25 4:03:50 PM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology
    • PTC Strengthens ALM and Systems Engineering Focus with Acquisition of IncQuery Group

      BOSTON, April 2, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced the acquisition of IncQuery Group. IncQuery Group offers application lifecycle management (ALM) and systems engineering development and consultancy services to global manufacturers and product companies. IncQuery Group helps simplify the product development process by connecting hardware and software engineering systems and enables better collaboration across development teams and more efficient management of product data. The acquisition further expands PTC's deep expertise in ALM, systems engineering, and

      4/2/25 8:00:00 AM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology
    • PTC Appoints Trac Pham to Board of Directors

      BOSTON, March 13, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced that it has appointed Trac Pham to its Board of Directors, effective March 17, 2025. Pham is the former Chief Financial Officer of Synopsys, a recognized leader in electronic design automation and semiconductor development. During his tenure as CFO, Pham led Synopsys through two significant transformations that helped scale the company from $2.0B to $5.1B in revenue while expanding operating margins. He is currently on the Board of Directors of UKG and SiFive, serving as Chair of the Audit Committee for bo

      3/13/25 4:00:00 PM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology
    • PTC Appoints Robert Dahdah as Executive Vice President, Chief Revenue Officer

      BOSTON, Dec. 9, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced that it has appointed Robert Dahdah as Executive Vice President, Chief Revenue Officer. Dahdah joins PTC from Microsoft, where he served as Corporate Vice President of Global Healthcare and Life Sciences. Dahdah will be responsible for global sales and customer success for PTC's Digital Thread group and the overall execution of the company's vertical-focused go-to-market strategy. "Rob is an accomplished go-to-market leader with a proven track record of delivering results, building winning teams, and creatin

      12/9/24 8:30:00 AM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology
    • BMO Capital Markets reiterated coverage on PTC with a new price target

      BMO Capital Markets reiterated coverage of PTC with a rating of Outperform and set a new price target of $187.00 from $183.00 previously

      5/1/25 6:44:06 AM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology
    • BMO Capital Markets reiterated coverage on PTC with a new price target

      BMO Capital Markets reiterated coverage of PTC with a rating of Outperform and set a new price target of $183.00 from $220.00 previously

      4/16/25 7:53:45 AM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology
    • PTC downgraded by Analyst with a new price target

      Analyst downgraded PTC from Overweight to Neutral and set a new price target of $160.00

      4/9/25 8:36:07 AM ET
      $PTC
      Computer Software: Prepackaged Software
      Technology