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Sep 30, 2022

PTC Q4 2022 Earnings Report

PTC delivered strong Q4 results, exceeding ARR and free cash flow guidance for the quarter and the year.

Key Takeaways

PTC announced strong fourth fiscal quarter and full year 2022 results, with ARR growth of 7%, organic ARR growth of 6%, and organic constant currency growth of 15%. Revenue was $508 million, up 6% compared to Q4'21. Cash flow from operations was $38 million, and free cash flow was $29 million.

ARR as reported was $1,572 million, up 7% compared to Q4'21.

Revenue was $508 million, up 6% compared to Q4'21.

Operating margin was 29%, compared to 24% in Q4'21.

Earnings per share was $0.90, compared to $2.46 in Q4'21.

Total Revenue
$508M
Previous year: $481M
+5.7%
EPS
$1.27
Previous year: $1.1
+15.5%
ARR
$1.57B
Previous year: $1.47B
+6.9%
Gross Profit
$412M
Previous year: $381M
+8.3%
Cash and Equivalents
$272M
Previous year: $327M
-16.6%
Free Cash Flow
$29M
Previous year: $32.3M
-10.1%
Total Assets
$4.69B
Previous year: $4.52B
+3.8%

PTC

PTC

PTC Revenue by Segment

Forward Guidance

PTC is establishing ARR guidance for fiscal 2023 that represents 10% to 14% constant currency growth over fiscal 2022. We expect revenue to be approximately flat on a year over year basis. We expect free cash flow of approximately $560M in fiscal 2023.

Revenue & Expenses

Visualization of income flow from segment revenue to net income