PTC Announces Second Fiscal Quarter 2024 Results

Fiscal 2024 and Q3'24 Guidance and Mid-Term Targets

"Our ARR and free cash flow results in Q2'24 were solid in a challenging selling environment, driven by the resilience of our subscription business model, consistent execution, operational discipline, and the actions we have taken over time to align our investments with market opportunities. We continue to rapidly de-lever, and our debt to EBITDA ratio was 2.3x at the end of Q2'24," said Kristian Talvitie, CFO.

"Reflecting our year-to-date performance and our outlook for the second half, we are narrowing the range of our FY'24 constant currency ARR guidance and maintaining our FY'24 free cash flow guidance. For Q3, the ARR guidance range is 11 to 12 percent growth, with free cash flow of approximately $220 million. It's worth noting that we are updating our FY'24 revenue and EPS guidance consistent with our updated ARR guidance range and also due to the impact of FX. We believe we have set our Q3'24 and FY'24 guidance appropriately," concluded Talvitie.

  $ in millions

FY'24 Previous
Guidance

FY'24
Guidance

FY'24 YoY
Growth
Guidance

Q3'24
Guidance



Constant currency ARR

$2,190 - $2,250

$2,200 - $2,240

11% - 13%

$2,115 - $2,130


Operating cash flow

~$745

~$745

~22%

~$225


Free cash flow

~$725

~$725

~23%

~$220


Revenue

$2,270 - $2,360

$2,270 - $2,340

8% - 12%

$525 - $540


Earnings per share

$2.42 - $3.32

$2.52 - $3.22

22% - 56%

$0.41 - $0.54


Non-GAAP earnings per share

$4.50 - $5.20

$4.60 - $5.10

6% - 18%

$0.90 - $1.00


Reconciliation of Operating Cash Flow Guidance to Free Cash Flow Guidance

  In millions

FY'24
Guidance

Q3'24
Guidance




  Operating Cash Flow

~$745

~$225



Capital expenditures

(~$20)

(~$5)



  Free Cash Flow

~$725

~$220



Reconciliation of EPS Guidance to Non-GAAP EPS Guidance


FY'24
Guidance

Q3'24
Guidance



Earnings per share

$2.52 - $3.22

$0.41 - $0.54


Stock-based compensation expense

$1.91 - $1.66

$0.44 - $0.40


Intangible asset amortization expense

~$0.68

~$0.17


Acquisition and transaction-related expense

~$0.01

~$0.00


Income tax adjustments related to the reconciling items

($0.52) – ($0.47)

~($0.12)


Non-GAAP Earnings per share

$4.60 - $5.10

$0.90 - $1.00



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise