NEEDHAM, MA, July 19, 2018 – PTC reported financial results for its fiscal third quarter ended June 30, 2018. Third quarter total revenue was $315M, up 2.3% compared to the second quarter of this year, with a GAAP net income of $17M.
“Our third quarter results continued the solid performance we have been driving across our
product portfolio,” said James Heppelmann, president and CEO, PTC. “Despite currency
headwinds in the quarter, recurring software revenue grew 15% year over year, reflecting the strength of our subscription model, and new bookings were strong.”
Heppelmann added, “Through the first three quarters of the fiscal year, CAD bookings grew
double-digits, far outpacing market growth, PLM bookings grew above-market, ThingWorx
continued to gain significant traction across a broad set of vertical markets, and interest in our augmented reality (AR) solutions accelerated.”
A complete chart of the financial results is available here.
PTC helps companies around the world reinvent the way they design, manufacture, operate, and service products in and for a smart, connected world. In 1986 they revolutionized digital 3D design, and in 1998 were first to market with Internet-based product lifecycle management. Today, their leading industrial innovation platform and field-proven solutions enable you to unlock value at the convergence of the physical and digital worlds. With PTC, manufacturers and an ecosystem of partners and developers can capitalize on the promise of the Internet of Things and augmented reality technology today and drive the future of innovation.
For more information, visit www.ptc.com.