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Dec 31, 2023
PTC Q1 2024 Earnings Report
PTC delivered solid ARR and cash flow results.
Key Takeaways
PTC reported solid ARR and cash flow results for the first fiscal quarter ended December 31, 2023. The company's ARR grew by 24% year-over-year to $2,057 million. Revenue increased by 18% year-over-year to $550 million. EPS was $0.55 and Non-GAAP EPS was $1.11.
Delivered solid ARR and cash flow results.
ARR as reported was $2,057 million, a 24% increase year-over-year.
Revenue was $550 million, an 18% increase year-over-year.
Non-GAAP earnings per share was $1.11, an 11% increase year-over-year.
Revenue by Segment
Forward Guidance
Full year guidance for ARR and FCF remains unchanged, and Q2 guidance has been set prudently.
Positive Outlook
- Constant currency ARR $2,190 - $2,250 million, 11% - 14% YoY Growth Guidance
- Operating cash flow ~$745 million, ~22% YoY Growth Guidance
- Free cash flow ~$725 million, ~23% YoY Growth Guidance
- Revenue $2,270 - $2,360 million, 8% - 13% YoY Growth
- Earnings per share $2.42 - $3.32, 18% - 61% YoY Growth
Challenges Ahead
- Constant currency ARR Q2'24 Guidance $2,050 - $2,065 million
- Operating cash flow Q2'24 Guidance ~$245 million
- Free cash flow Q2'24 Guidance ~$240 million
- Revenue Q2'24 Guidance $560 - $590 million
- Earnings per share Q2'24 Guidance $0.57 - $0.80
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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