PTC Q2 FY2025 beats guidance; constant currency ARR growth 10%, updates FY2025 outlook amid macro risk

PTC INC.

2025-Q2 EPS reported $2.02 vs consensus $1.22 ▲ beat (+65.4%)

Constant currency ARR grew 10% YoY; operating cash flow up 12%, free cash flow up 13%.
Exceeded guidance across all metrics for fiscal Q2 ended March 31, 2025.
Board authorized $2B share repurchase program; company proceeding with buybacks.
FY2025 guidance updated to proactively manage macroeconomic uncertainty (specifics not provided).
CEO Neil Barua expressed optimism but noted challenging macro environment.

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