PTC Q3 2023 Earnings Report
Key Takeaways
PTC reported strong ARR and cash flow results for Q3 2023, exceeding guidance. ARR growth was 25% on both a reported and constant currency basis, with organic growth of 14% and ServiceMax contributing 11 points. Cash from operations was $169 million, up 45% year-over-year, and free cash flow was $164 million, up 46% year-over-year.
Delivered strong ARR and cash flow results that exceeded guidance ranges.
ARR growth was 25% on both a reported and constant currency basis.
Cash from operations was $169 million, up 45% year over year.
Free cash flow was $164 million, up 46% year over year.
PTC
PTC
PTC Revenue by Segment
Forward Guidance
PTC raised its full year guidance midpoint for ARR and its guidance for cash flow, while investing in long-term growth opportunities.
Positive Outlook
- Raising full year ARR guidance midpoint to $1,935 - $1,950 million.
- Raising full year cash from operations guidance to ~$605 million.
- Raising full year free cash flow guidance to ~$585 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income