BOSTON, MA, Jan 27, 2022 – PTC reported financial results for its first fiscal quarter ended December 31, 2021. This quarter’s revenue stood at $457.7M, compared to $480.6M of fourth quarter of fiscal 2021, with a profit of $46M.

“Our fiscal 2022 is off to a solid start with our key operating and financial metrics showing strong performance. In Q1, we delivered constant currency ARR growth of 16% to end the quarter at $1.51 billion, plus operating cash flow of $138 million and adjusted free cash flow of $145 million,” said James Heppelmann, president and CEO, PTC.

“In Q1 we saw growth across our product portfolio and in all geographies over the same period last year as our customers continue to invest in our offerings to drive their digital transformation initiatives,” continued Heppelmann. “Demand for SaaS offerings is high as shown by high growth rates of our cloud-native Onshape and Arena products, and our CAD and PLM businesses continue to outpace market growth.”

“We are accelerating our multi-year SaaS transformation, and our strong performance this quarter has enabled us to raise the low end of our constant currency ARR guidance and positions us well to deliver on our cash flow targets for 2022,” concluded Heppelmann.

A complete chart of the financial results is available here.

About PTC

PTC unleashes industrial innovation with award-winning, market-proven solutions that enable companies to differentiate their products and services, improve operational excellence, and increase workforce productivity. With PTC, and its partner ecosystem, manufacturers can capitalize on the promise of today’s new technology to drive digital transformation.

For more information, visit PTC.com.