PTC Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 01, 2024 at 04:07 pm EDT
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PTC Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was USD 564.01 million compared to USD 492.14 million a year ago. Revenue was USD 603.07 million compared to USD 542.18 million a year ago. Net income was USD 114.45 million compared to USD 63.5 million a year ago. Basic earnings per share from continuing operations was USD 0.96 compared to USD 0.54 a year ago. Diluted earnings per share from continuing operations was USD 0.95 compared to USD 0.53 a year ago.
For the six months, sales was USD 1,070.04 million compared to USD 909.25 million a year ago. Revenue was USD 1,153.29 million compared to USD 1,008.09 million a year ago. Net income was USD 180.83 million compared to USD 138.54 million a year ago. Basic earnings per share from continuing operations was USD 1.52 compared to USD 1.17 a year ago. Diluted earnings per share from continuing operations was USD 1.5 compared to USD 1.17 a year ago.
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.