Strong Free Cash Flow Growth
PTC reported a 25% year-over-year increase in free cash flow for fiscal 2024, reaching $736 million.
Constant Currency ARR Growth
Annual recurring revenue (ARR) grew by 12% year-over-year on a constant currency basis, reaching $2.207 billion.
Share Repurchase Authorization
PTC announced a $2 billion share repurchase authorization, indicating confidence in its financial position.
Go-to-Market Realignment
PTC is realigning its go-to-market strategy around five key verticals to enhance specialization and effectiveness.
Expansion in Key Product Areas
Notable growth in PLM driven by Windchill and ALM driven by Codebeamer, with significant customer wins in the automotive sector.