PTC Inc (PTC) Reports First Fiscal Quarter 2024 Results: ARR and Cash Flow Growth Amidst Macro ...
PTC Inc (PTC) Maintains Steady Financial Course with Solid ARR and Free Cash Flow Performance
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PTC Inc (PTC) Maintains Steady Financial Course with Solid ARR and Free Cash Flow Performance
Engineering and design software provider PTC (NASDAQ:PTC) reported results ahead of analysts' expectations in Q1 FY2024, with revenue up 18.1% year on year to $550.2 million. The company expects next quarter's revenue to be around $575 million, in line with analysts' estimates. It made a GAAP profit of $0.55 per share, down from its profit of $0.99 per share in the same quarter last year.
PTC Inc (PTC) announces solid ARR and cash flow results for Q4 and FY'23
UK-based CAD specialist PTC will see Neil Barua, the current president of its Service Lifecycle Management business, succeed James Heppelmann as CEO in February 2024.
July 26 - Industrial software maker PTC forecast fourth-quarter revenue below estimates on Wednesday, as economic uncertainty forces companies to cut back on spending to bolster their...