NEEDHAM, MA, July 20, 2017 – PTC reported financial results for its fiscal third quarter ended July 1, 2017. Total GAAP revenue was $291 million and GAAP net loss was $1 million or $0.01 per diluted share.
“PTC delivered total revenue and earnings per share at or near the high-end of our guidance,” said James Heppelmann, president and CEO, PTC. “Led by subscription revenue growth of 135% and recurring software revenue growth of 11%, total software revenue grew 4% year-over-year, despite a higher mix of subscription bookings than last year. We remain focused on creating long-term shareholder value by driving growth, expanding margins and transitioning to a subscription-based business model.”
Heppelmann continued, “We are excited about both the transformation we are driving in our core business and our leadership position in IoT. In addition to attracting over 8,000 in-person and virtual attendees to LiveWorx, we recently received two 2017 Compass Intelligence IoT Awards, and our strong technology and market position received further validation in IDC’s MarketScape report, which placed PTC squarely in the IoT platform leadership category and also recognized PTC as the market share leader.”
A complete chart of the financial results is available here.
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.