PTC's Q2 Earnings Beat Estimates, Revenues Increase Y/Y [Yahoo! Finance]
PTC Inc. (PTC)
Last ptc inc. earnings: 4/29 04:01 pm
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Source: Yahoo! Finance
Also, the figure surpassed the Zacks Consensus Estimate by 18.7%. Revenues came in at $603 million, up 11% year over year (up 11% at constant currency or cc). The top line beat the Zacks Consensus Estimate by 4.8%. The year-over-year improvement in the top line was driven by steady demand for its computer-aided design (CAD) and product lifecycle management (PLM). PTC Inc. Price, Consensus and EPS Surprise PTC Inc. price-consensus-eps-surprise-chart | PTC Inc. Quote Top Line in Detail Recurring revenues of $564 million rose 14.6% year over year. Perpetual licenses decreased 24.3% to $6.7 million. Revenues by License, Support and Services License revenues (38.9% of total revenues) were $234.3 million, up 18.9% from the year-ago quarter's figure. Support and cloud services revenues (55.8%) of $336.4 million increased 10.6% year over year. Professional services revenues (5.3%) were $32.3 million, down 21.4% year over year. Revenues by Product Group PLM and CAD busi
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PTC
News
- PTC Inc. (NASDAQ: PTC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- PTC Inc. (NASDAQ: PTC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- PTC Inc. (NASDAQ: PTC) had its price target lowered by analysts at Citigroup Inc. from $195.00 to $187.00. They now have a "neutral" rating on the stock.MarketBeat
- PTC Inc. (NASDAQ: PTC) had its price target raised by analysts at Robert W. Baird from $210.00 to $216.00. They now have an "outperform" rating on the stock.MarketBeat
- PTC Inc. (NASDAQ: PTC) had its price target lowered by analysts at Mizuho from $210.00 to $200.00. They now have a "buy" rating on the stock.MarketBeat
PTC
Earnings
- 5/1/24 - Beat
PTC
Sec Filings
- 5/16/24 - Form 4
- 5/16/24 - Form 4
- 5/10/24 - Form 4
- PTC's page on the SEC website