BOSTON, MA, July 29, 2021 – PTC reported financial results for its fiscal third quarter ended June 30, 2021. This quarter’s revenue stood at $435.6M, compared to $461.7M of second quarter of fiscal 2021, with a profit of $51.2M.
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 performance in the third quarter and year to date reflects continued strong execution. We again delivered double-digit top line growth, leading to solid operating and free cash flow results,” said James Heppelmann, president and CEO, PTC.
“This performance reflects how PTC’s ‘Digital Transforms Physical’ strategy is resonating with customers and driving demand for our Core CAD and PLM solutions as well as our new Onshape and Arena SaaS offerings,” said Heppelmann. “Our breakthrough technologies across the product portfolio are gaining mindshare as customers are realizing the value these innovative solutions can bring to their organizations.”
“The SaaS delivery model is just beginning to disrupt the industrial technology market and I am excited that PTC has carved out a leadership position at the forefront of that paradigm shift,” continued Heppelmann. “By delivering CAD, PLM, IOT, and AR technologies in the cloud, customers can work faster, reduce total cost of ownership, be more efficient and increase the return on their investment over the long-term.”
A complete chart of the financial results is available here.
About PTC
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.