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0:00 / 0:00I. Business Overview and Strategy
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PTC's ARR Surges 14% to $2.25B Amid Subscription Shift

PTC10-KFiling Date: 11/14/2024
PTC Inc.
Description

What this story covers

PTC Inc. reported fiscal 2024 ARR growth of 14 percent to 2 point 25 billion dollars and revenue up 10 percent to 2 point 30 billion dollars, driven by 93 percent recurring subscriptions in PLM and CAD. Gross margins hit 81 percent, operating income rose 28 percent, with strong cash flow at 750 million dollars. Acquisitions like ServiceMax bolstered SLM, while sustainability targets aim for net-zero by 2050. Liquidity supports growth amid market risks.

Story snapshot

CompanyPTC Inc.
TickerPTC
VariantStandard detailed
Duration20:47
Filing type10-K
PeriodAnnual 2024
IndustryTechnology
Accession0000950170-24-127231

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