Welcome to our dedicated page for Ptc news (Ticker: PTC), a resource for investors and traders seeking the latest updates and insights on Ptc stock.
PTC Inc (NASDAQ: PTC) delivers industrial innovation through IoT, CAD, and digital transformation solutions. This news hub provides investors and professionals with essential updates about the company's strategic developments.
Access official press releases, financial reports, and market analyses in one centralized location. Our curated collection helps stakeholders track product launches, partnership announcements, and operational milestones that shape PTC's position in industrial software.
Discover updates across key business areas including product lifecycle management advancements, augmented reality implementations, and cloud platform expansions. Regular updates ensure you stay informed about PTC's role in transforming manufacturing and engineering processes worldwide.
Bookmark this page for continuous access to verified information directly impacting investment decisions and industry analysis. Check back frequently for real-time updates on PTC's technological innovations and market leadership.
PTC reported strong financial performance for Q2 FY'23, with an ARR growth of 23% and organic ARR growth of 11%. ServiceMax and Codebeamer contributed significantly, driving constant currency ARR growth to 26%. Cash flow from operations reached $211 million, marking a 48% increase year-over-year, while free cash flow also grew by 48% to $207 million. Revenue rose 7% to $542 million, although operating margin declined 890 bps to 23%. EPS fell 30% to $0.532, impacted by acquisition-related charges. PTC raised its FY'23 cash flow guidance and narrowed its ARR guidance range, reflecting confidence amid macroeconomic challenges.
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