PTC ANNOUNCES FOURTH FISCAL QUARTER AND FULL FISCAL YEAR 2024 RESULTS

 

$ in millions

FY'24

FY'23

YoY Change


FY'24
Guidance

Operating cash flow

$750

$611

23 %


~$740

Free cash flow

$736

$587

25 %


~$725

Revenue1

$2,298

$2,097

10%2


$2,270 to $2,320

Operating margin1

26 %

22 %

 370 bps



Non-GAAP operating margin1

39 %

36 %

270 bps



Earnings per share1

$3.123

$2.063

51 %


$2.78 to $3.35

Non-GAAP earnings per share1

$5.084

$4.344

17 %


$4.85 to $5.21



1

Revenue and, as a result, operating margin and earnings per share are impacted under ASC 606.

2

In FY'24, revenue grew 9% year over year on a constant currency basis. 

3

FY'24 GAAP EPS included a non-cash tax benefit of $4.4 million or $0.04, primarily associated with the effects of IRS procedural guidance issued in May 2024. FY'23 GAAP EPS included a non-cash tax charge of $21.8 million or $0.18 per share.

4

FY'24 non-GAAP EPS included a non-cash tax benefit of $4.4 million or $0.04.

 

"In a selling environment that continued to be challenging, our ARR was solid, growing 12% year over year on a constant currency basis. Our FY'24 free cash flow was also solid, growing 25% year over year, driven by ARR growth and a disciplined process for incremental investment in our business," said Kristian Talvitie, CFO.

"Given our differentiated product portfolio, the resilience of our subscription business model, the actions we have taken over time to align our investments with market opportunities, and allowing for the potential near-term impacts of our go-to-market changes, we are establishing FY'25 constant currency ARR guidance of 9% to 10% year over year growth. Supported by ARR growth, the predictability of our cash collections, and the disciplined budgeting structure we have in place, we are establishing FY'25 free cash flow guidance of $835 million to $850 million, which absorbs the impact of approximately $20 million of outflows related to our go-to-market realignment. Additionally, as we indicated we would a quarter ago, we are resuming share repurchases, and we currently expect to repurchase approximately $300 million worth of our stock in FY'25, commencing in Q1," Talvitie concluded.

Full Fiscal Year 2025 and First Fiscal Quarter Guidance

$ in millions

FY'24
Actual

FY'25
Guidance

FY'25 YoY Growth
Guidance


Q1'25
Guidance

Constant currency ARR (FY'25 Plan FX rates1)

$2,255

9% to 10% growth

9% to 10%


~10.5% growth

Operating cash flow

$750

$850 to $8652

13% to 15%


~$2342

Free cash flow

$736

$835 to $8502

14% to 16%


~$230 2

Revenue

$2,298

$2,505 to $2,605

9% to 13%


$540 to $570

Earnings per share

$3.12

$3.68 to $4.57

18% to 47%


$0.28 to $0.52

Non-GAAP earnings per share

$5.08

$5.60 to $6.30

10% to 24%


$0.75 to $0.95



1

On a constant currency basis, using our FY'25 Plan foreign exchange rates (rates as of September 30, 2024) for all periods.

2

FY'25 cash flow guidance includes approximately $20 million of outflows related to go-to-market realignment, of which approximately $12 million is expected in Q1'25.


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »
Featured Video
Editorial
Jobs
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Mechanical Engineer 3 for Lam Research at Fremont, California
Equipment Engineer, Raxium for Google at Fremont, California
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Upcoming Events
Celebrate Manufacturing Excellence at Anaheim Convention Center Anaheim CA - Feb 4 - 6, 2025
3DEXPERIENCE World 2025 at George R. Brown Convention Center Houston TX - Feb 23 - 26, 2025
TIMTOS 2025 at Nangang Exhibition Center Hall 1 & 2 (TaiNEX 1 & 2) TWTC Hall Taipei Taiwan - Mar 3 - 8, 2025
Automate 2025 at Detroit, Michigan, USA MI - May 12 - 15, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise