BOSTON, MA, Jan 24, 2019 – PTC reported financial results for its fiscal first quarter 2019. First quarter revenue was $335M and GAAP net income was $21M.

Comparative analysis based on PTC’s financial results in the last 12 quarters (Result source PTC website)

Comparative analysis based on PTC’s financial results in the last 12 quarters (Result source PTC website)

“Our financial performance in the first quarter was solid, with revenue, operating margin and EPS results exceeding our expectations,” said James Heppelmann, president and CEO. “We continued to make important strides against our major strategic initiatives during the quarter, most notably, we successfully completed our transition to a subscription business model.”

A complete chart of the financial results is available here.

About PTC

PTC has the most robust Internet of Things technology in the world. In 1986 they revolutionized digital 3D design, and in 1998 were first to market with Internet-based PLM. Now their leading IoT and AR platform and field-proven solutions bring together the physical and digital worlds to reinvent the way you create, operate, and service products. With PTC, global manufacturers and an ecosystem of partners and developers can capitalize on the promise of the IoT today and drive the future of innovation.