PTC Q4 revenue falls but beats analyst estimates
PTC•PTC's fiscal fourth-quarter revenue fell 25% year over year to $673 million, beating the $661.71 million estimate. Adjusted EPS was $2.03, above the $1.96 estimate.
1. Quarterly results
PTC reported fiscal fourth-quarter revenue of $673 million, down 25% year over year and above analyst estimates of $661.71 million. Adjusted EPS of $2.03 also beat the $1.96 estimate; reported EPS was $1.44, and operating margin was 32%.
2. ARR and outlook
The company said annual recurring revenue, excluding divested businesses, rose 8% year over year, driven by active subscription software, SaaS, hosting and support contracts. PTC said it will no longer provide quarterly or annual guidance because of its pending acquisition by Schneider Electric. It said divestiture-related costs and taxes, one-time capital expenditures and ASC 606 accounting standards affected its results.
