Solid ARR and cash flow in fourth fiscal quarter and full fiscal year.
BOSTON, MA, Nov 7, 2024 – PTC reported financial results for fourth fiscal quarter and full fiscal year ended September 30, 2024. This quarter’s revenue stood at $626.5M, up 20.9% compared to $518.6M of third quarter of 2024, with a profit of $126.5M.
“In fiscal year 2024, we again delivered solid ARR and cash flow, with year-over-year ARR growth in the low double-digits and cash flow growth above 20%. We have a differentiated strategy that leverages our unique portfolio to help product companies accelerate their time to market and manage increasing complexity. It’s an exciting time because our products are at the epicenter of driving business transformation at our customers,” said Neil Barua, president and CEO, PTC.
“We continue to focus on increasing customer value while enhancing shareholder returns,” Barua continued. “Today we announced a new $2 billion share repurchase authorization through the end of fiscal 2027. We are also strengthening our ability to scale our business by realigning our go-to-market organization to better serve our customers,” concluded Barua.
A complete chart of the financial results is available here.
For more information, please visit ptc.com.
