BOSTON, MA, Feb 1, 2024 – PTC reported financial results for its first fiscal quarter ended December 31, 2023. This quarter’s revenue stood at $506.6M, down 7.4% compared to $546.6M of fourth fiscal quarter of 2023, with a profit of $66.4M.
Comparative analysis based on PTC’s financial results in the last 12 quarters (Result source PTC website)
Comparative analysis based on PTC’s financial results in the last 12 quarters (Result source PTC website)
“In our first fiscal quarter, we again delivered solid ARR and cash flow results. I am confident that PTC is well positioned to continue delivering durable and consistent ARR and cash flow growth under the leadership of Neil Barua,” said James Heppelmann, CEO, PTC.
Neil Barua, CEO-elect, added, “We have a differentiated strategy that leverages our unique product portfolio to help our customers along their digital transformation journeys. I am looking forward to working with the team to continue enhancing PTC’s already strong market position and execution by continuing to invest significantly in technologies that meet the evolving needs of our customers.”
A complete chart of the financial results is available here.
About PTC
PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation – on premises, in the cloud, or via its pure SaaS platform.
For more information, visit PTC.com.