The company said its fiscal first quarter ended December 31, 2023 reported ARR of $2,057 million, up 24% from $1,663 million a year earlier, and revenue of $550 million, up 18%.

1. 01

   The company said its fiscal first quarter ended December 31, 2023 reported ARR of $2,057 million, up 24% from $1,663 million a year earlier, and revenue of $550 million, up 18%.

2. 02

   PTC reported net income of $66,387 thousand for Q1 (three months ended December 31, 2023), down from $75,035 thousand a year earlier, and diluted earnings per share of $0.55, compared with $0.63 a year earlier.

3. 03

   The company said operating cash flow for Q1 (three months ended December 31, 2023) was $187,341 thousand and free cash flow was $182,778 thousand, and that both included an imputed interest payment of $30 million related to the deferred purchase payment for ServiceMax.

4. 04

   PTC said it paid $650 million of the deferred ServiceMax acquisition payment on Q1, borrowed $740 million to fund it, and repaid $181 million of debt. Gross debt at period end was $2,267 million.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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