BOSTON, MA, Nov 2, 2023 – PTC reported financial results for its fourth fiscal quarter and full year ended September 30. This quarter’s revenue stood at $546.6M, compared to $542.3M of third fiscal quarter of 2023, with a profit of $45.6M.

“In our fourth fiscal quarter, we again delivered solid ARR and cash flow results. We reported ARR growth of 26%, organic ARR growth of 15%, and organic constant currency ARR growth of 13%. Our ServiceMax business contributed an additional 11 points of ARR growth, taking constant currency ARR growth to 23%. Our operating cash flow was $50 million in Q4, up 29% year over year, and $611 million in FY’23, up 40%. Our free cash flow was $44 million in Q4, up 52% year over year, and $587 million in FY’23, up 41%,” said James Heppelmann, CEO, PTC.

“Our differentiated product portfolio and our industry-leading SaaS capabilities align well to the manufacturing industry’s push for digital transformation. On a constant currency basis, Creo and Windchill ARR continued to grow at a double-digit pace, growing 10% and 16% respectively; ServiceMax ended fiscal 2023 at the $170 million of ARR we guided to previously; and our Codebeamer ARR has more than doubled since we acquired the business six quarters ago. Our strong market position and solid execution, coupled with our subscription model, position PTC to continue delivering durable and consistent ARR and cash flow growth,” concluded Heppelmann.

A complete chart of the financial results is available here.

About PTC

PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation – on premises, in the cloud, or via its pure SaaS platform.

For more information, visit PTC.com.