PTC Inc

Latest Results (17.12.2024):

Revenue Growth

In the fourth fiscal quarter of 2024, PTC Inc. reported a revenue of $627 million, marking a 15% increase compared to the same quarter in the previous year. For the full fiscal year 2024, the company achieved a revenue of $2,298 million, reflecting a 10% growth year-over-year.

ARR and Cash Flow

PTC Inc. demonstrated solid performance in its Annual Recurring Revenue (ARR), which grew by 14% to $2,255 million in the fourth fiscal quarter of 2024. The company's operating cash flow for the quarter was $98 million, a significant 97% increase from the previous year, while the full fiscal year saw a 23% rise in operating cash flow to $750 million.

Earnings Per Share

For the fourth fiscal quarter of 2024, PTC Inc. reported earnings per share (EPS) of $1.044, a substantial 175% increase from the previous year. The non-GAAP EPS for the same period was $1.545, representing a 28% growth. For the full fiscal year, the EPS was $3.123, a 51% increase, with a non-GAAP EPS of $5.084, up by 17% year-over-year.

Profitability and Margins

PTC Inc. achieved an operating margin of 31% in the fourth fiscal quarter of 2024, an improvement of 880 basis points from the previous year. The non-GAAP operating margin for the quarter was 44%, up by 740 basis points. For the full fiscal year, the operating margin was 26%, with a non-GAAP operating margin of 39%, reflecting increases of 370 and 270 basis points, respectively.

Future Outlook

Looking ahead to fiscal year 2025, PTC Inc. has set a guidance for constant currency ARR growth of 9% to 10% and expects free cash flow to range between $835 million and $850 million. The company plans to repurchase approximately $300 million worth of its stock in FY'25, commencing in the first quarter, as part of its strategy to enhance shareholder returns.