earnings
confidence high
sentiment positive
materiality 0.75
PTC Q1 FY2023 beats ARR and cash flow guidance; raises FY cash flow guidance
PTC INC.
2022-Q1 EPS reported
$0.63
revenue$465,910,000
- ARR growth 11% YoY; organic ARR growth 10%; organic constant currency ARR growth 14%.
- Codebeamer acquisition added 1 point to constant currency ARR growth (total 15%).
- Cash from operations $181M (+31% YoY); free cash flow $172M (+28% YoY).
- Raising FY'23 cash flow guidance; narrowing constant currency ARR guidance range.