PTC (NASDAQ: PTC) is a global software company that enables industrial and manufacturing companies to digitally transform how they engineer, manufacture, and service the physical products that the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 25,000 customers globally. For more information, please visit www.ptc.com.
PTC Investor Relations Contact
Matt Shimao
SVP, Investor Relations
Email Contact
Email Contact
PTC Inc. |
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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME |
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(in thousands, except per share data) |
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| Three Months Ended |
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| Twelve Months Ended |
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| September 30, |
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| September 30, |
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| September 30, |
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| September 30, |
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| 2023 |
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| 2022 |
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| 2023 |
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| 2022 |
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Revenue: |
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Recurring revenue | $ | 500,256 |
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| $ | 463,156 |
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| $ | 1,907,918 |
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| $ | 1,736,188 |
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Perpetual license |
| 8,223 |
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| 7,854 |
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| 38,640 |
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| 34,065 |
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Professional services |
| 38,141 |
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| 36,915 |
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| 150,495 |
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| 163,094 |
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Total revenue(1) |
| 546,620 |
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| 507,925 |
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| 2,097,053 |
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| 1,933,347 |
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| Cost of revenue (2) |
| 115,856 |
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| 95,530 |
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| 441,006 |
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| 385,980 |
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| Gross margin |
| 430,764 |
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| 412,395 |
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| 1,656,047 |
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| 1,547,367 |
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| Operating expenses: |
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| Sales and marketing (2) |
| 137,452 |
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| 119,038 |
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| 530,125 |
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| 485,247 |
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| Research and development (2) |
| 102,025 |
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| 88,183 |
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| 394,370 |
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| 338,822 |
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| General and administrative (2) |
| 59,567 |
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| 50,705 |
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| 233,516 |
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| 204,732 |
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| Amortization of acquired intangible assets |
| 10,670 |
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| 9,105 |
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| 40,022 |
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| 34,970 |
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| Restructuring and other charges (credits), net |
| (84) |
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| (653) |
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| (460) |
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| 36,234 |
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| Total operating expenses |
| 309,630 |
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| 266,378 |
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| 1,197,573 |
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| 1,100,005 |
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| Operating income |
| 121,134 |
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| 146,017 |
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| 458,474 |
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| 447,362 |
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| Other income (expense), net |
| (32,587) |
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| (8,639) |
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| (125,908) |
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| (50,264) |
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| Income before income taxes |
| 88,547 |
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| 137,378 |
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| 332,566 |
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| 397,098 |
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| Provision for income taxes |
| 42,944 |
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| 30,541 |
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| 87,026 |
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| 84,017 |
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| Net income | $ | 45,603 |
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| $ | 106,837 |
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| $ | 245,540 |
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| $ | 313,081 |
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| Earnings per share: |
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| Basic | $ | 0.38 |
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| $ | 0.91 |
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| $ | 2.07 |
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| $ | 2.67 |
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| Weighted average shares outstanding |
| 118,803 |
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| 117,431 |
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| 118,341 |
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| 117,194 |
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| Diluted | $ | 0.38 |
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| $ | 0.90 |
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| $ | 2.06 |
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| $ | 2.65 |
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| Weighted average shares outstanding |
| 120,112 |
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| 118,634 |
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| 119,334 |
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| 118,233 |
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| (1) See supplemental financial data for revenue by license, support and cloud services, and professional services |
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| (2) See supplemental financial data for additional information about stock-based compensation. |
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