BOSTON, MA, July 28, 2022 – PTC reported financial results for its third fiscal quarter ended June 30, 2022. This quarter’s revenue stood at $462.4M, compared to $505.2M of second quarter of fiscal 2022, with a profit of $70.4M.
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)
“In our third fiscal quarter, we again delivered strong results. We reported ARR growth of 9% and 15% on an organic constant currency basis. In addition, our recently acquired Codebeamer business had an outstanding quarter and added an additional point of ARR growth, taking constant currency ARR growth to 16%. In Q3, our cash from operations was $117 million, up 33% year over year, and our adjusted free cash flow was $132 million, up 23% year over year. The strength in Q3 was broad-based across all segments and geographic regions, driven by demand for digital transformation and SaaS,” said James Heppelmann, president and CEO, PTC.
“Our differentiated product portfolio and leading SaaS capabilities position PTC to drive superior value for customers. Given the high resiliency of our business due to our subscription model coupled with our strong market position, as well as the strong execution of our teams, we are raising our key guidance measures for fiscal 2022 for the third time this year,” concluded Heppelmann.
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.
