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PTC Inc. Reports Strong Growth in 2024
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PTC Inc. Reports Strong Growth in 2024

PTC Inc. ( (PTC) ) has released its Q4 earnings. Here is a breakdown of the information PTC Inc. presented to its investors.

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PTC Inc. is a global software company based in Boston, Massachusetts, specializing in digital transformation solutions for industrial and manufacturing sectors, supporting over 30,000 customers worldwide. In its latest earnings report, PTC Inc. announced robust financial results for the fourth fiscal quarter and full fiscal year of 2024, highlighted by strong growth in Annual Run Rate (ARR) and cash flow. The company reported a year-over-year ARR growth in the low double digits and a cash flow increase of over 20%, reflecting its effective strategy and product portfolio. Key financial metrics showed impressive performance, with a 14% increase in reported ARR to $2,255 million, a 97% rise in operating cash flow to $98 million, and a 15% boost in revenue totaling $627 million for the quarter. Earnings per share soared by 175% to $1.04, while non-GAAP earnings per share reached $1.54, marking a 28% increase. The company also announced a $2 billion share repurchase authorization through fiscal 2027 and a strategic realignment of its go-to-market organization. Looking forward, PTC Inc. is optimistic about continued growth, projecting a 9% to 10% increase in ARR for 2025 and establishing free cash flow guidance between $835 million and $850 million. These projections underscore the company’s confidence in its ongoing strategic initiatives and market positioning.

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