earnings
confidence high
sentiment positive
materiality 0.75
PTC Q4 ARR +7% (+16% cc); FY22 free cash flow +21% to $416M
PTC INC.
2022-FY EPS reported
$2.65
revenue$1,933,347,000
- Q4'22 ARR $1,572M, up 7% YoY; constant currency ARR up 16% to $1,706M; organic constant currency up 15%.
- Q4'22 revenue $508M, up 6% (12% cc); FY22 revenue $1,933M, up 7% (11% cc).
- FY22 cash from ops $435M (+18%), free cash flow $416M (+21%), adjusted free cash flow $468M (+20%).
- FY22 results exceeded guidance; FX headwinds cut ARR by $134M and FY22 free cash flow by ~$30M.
- Codebeamer acquisition contributed 1 point to ARR growth; Russia ops discontinuation reduced ARR by $4M.