An announcement from PTC ( (PTC) ) is now available.
PTC’s financial performance in fiscal year 2024 showed promising growth, with a 14% increase in ARR and over 20% in cash flow growth. The company announced a $2 billion stock repurchase authorization through 2027, aiming to enhance shareholder returns. For fiscal year 2025, PTC forecasts ARR growth of 9-10% and free cash flow of $835 to $850 million, signaling continued confidence in its differentiated product strategy and subscription model.
For detailed information about PTC stock, go to TipRanks’ Stock Analysis page.