PTC Inc. Provides Earnings Guidance for the Second Quarter and Reaffirms Earnings Guidance for the Fiscal Year 2024
January 31, 2024 at 04:01 pm EST
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PTC Inc. provided earnings guidance for the second quarter and reaffirmed earnings guidance for the fiscal year 2024. For the second quarter, the company expects ARR at Constant Currency to be in the range of $2,050 million - $2,065 million; revenue to be in the range of $560 million - $590 million and earnings per share to be in the range of $0.57 - $0.80.
For the full year, the company expects ARR at Constant Currency to be between $2,190 million - $2,250 million; revenue to be in the range of $2,270 million - $2,360 million and earnings per share to be in the range of $2.42 - $3.32 compared to previous guidance of ARR at Constant Currency to be between $2,190 million - $2,250 million; revenue to be in the range of $2,270 million - $2,360 million and earnings per share to be in the range of $2.42 - $3.32.
PTC Inc. is a global software company that enables industrial and manufacturing companies to digitally transform how they engineer, manufacture, and service the physical products. Its computer-aided design (CAD) portfolio solutions enable companies to author product data. Its product lifecycle management (PLM) portfolio solutions enable companies to manage product data and orchestrate processes. Its software can be delivered on premises, in the cloud or in a hybrid model. Its PLM products and services include Windchill PLM, ThingWorx, ServiceMax, Arena, Codebeamer, Servigistics, FlexPLM and Kepware. Its CAD products and services include Creo 3D, Onshape, Vuforia and Arbortext. Its Windchill PLM application suite manages all aspects of the product development lifecycle-from concept through service and retirement-by enabling a digital thread of product parts, materials and configuration information. Its ThingWorx platform is flexible and purpose-built for industrial Internet of things.
PTC INC. 
