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Jun 30, 2024
PTC Q3 2024 Earnings Report
PTC's Q3 2024 results demonstrated solid ARR and cash flow, with ARR growth guidance updated to 11-12% in constant currency and free cash flow guidance maintained for FY'24.
Key Takeaways
PTC reported solid ARR and cash flow for Q3 2024, with year-over-year ARR growth in the low double-digits and cash flow growth above 20%. The company is guiding to 11-12% constant currency ARR growth and maintaining free cash flow guidance for FY'24.
ARR as reported grew by 10% to $2,126 million.
Constant currency ARR grew by 12% to $2,125 million.
Free cash flow increased by 29% to $212 million.
Revenue decreased by 4% to $519 million.
Revenue by Segment
Forward Guidance
PTC updated its FY'24 constant currency ARR guidance range to 11 to 12 percent growth and maintained its FY'24 free cash flow guidance.
Positive Outlook
- Constant currency ARR expected to be between $2,200 million and $2,220 million, representing 11% - 12% growth.
- Operating cash flow expected to be approximately $740 million, representing approximately 21% growth.
- Free cash flow expected to be approximately $725 million, representing approximately 23% growth.
- Earnings per share expected to be between $2.78 and $3.35, representing 35% - 63% growth.
- Non-GAAP earnings per share expected to be between $4.85 and $5.21, representing 12% - 20% growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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