BOSTON, MA, Oct 29, 2020 – PTC reported financial results for its fiscal fourth quarter and fiscal year ended September 30, 2020. This quarter’s revenue stood at $390.9M, compared to $351.7M of third quarter of fiscal 2020, with a profit of $53.4M.
“Continued solid execution by our global team overcame challenges related to the ongoing pandemic, leading to strong bookings in our fourth quarter. The pandemic has helped customers recognize the value PTC can unlock through our digital transformation solutions – from enabling global team collaboration across the product development process, to remote asset management, to remote support and front-line worker training, to the growing importance of SaaS-based technologies,” said James Heppelmann, president and CEO, PTC.
“We believe that our fourth quarter performance and robust pipeline points to a promising start to our fiscal 2021, despite ongoing macro uncertainty. While consensus around the timing and shape of a broader economic recovery remains uncertain, it is clear that PTC is very well positioned to continue to drive new innovations across our product portfolio, enable significant customer value in the new normal, and deliver strong sustainable growth,” concluded Heppelmann.
A complete chart of the financial results is available here.
PTC unleashes industrial innovation with award-winning, market-proven solutions that enable companies to differentiate their products and services, improve operational excellence, and increase workforce productivity. With PTC, and its partner ecosystem, manufacturers can capitalize on the promise of today’s new technology to drive digital transformation.
For more information, visit PTC.com.