About PTC (NASDAQ:
PTC)
PTC unleashes industrial innovation with award-winning, market-proven solutions that enable companies to differentiate their products and services, improve operational excellence, and increase workforce productivity. With PTC and its partner ecosystem manufacturers can capitalize on the promise of today's new technology to drive digital transformation.
PTC Investor Relations Contacts
Tim Fox
tifox@ptc.com
Emily Walt
ewalt@ptc.com
PTC Inc. |
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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME |
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(in thousands, except per share data) |
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| Three Months Ended |
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| December 31, |
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| December 28, |
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| 2020 |
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| 2019 |
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Revenue: |
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Recurring revenue | $ | 384,957 |
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| $ | 305,368 |
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Perpetual license |
| 8,463 |
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| 8,998 |
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Professional services |
| 35,630 |
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| 41,744 |
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Total revenue (1) |
| 429,050 |
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| 356,110 |
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Cost of revenue (2) |
| 86,830 |
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| 87,405 |
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Gross margin |
| 342,220 |
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| 268,705 |
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Operating expenses: |
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Sales and marketing (2) |
| 124,725 |
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| 107,604 |
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Research and development (2) |
| 70,835 |
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| 65,308 |
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General and administrative (2) |
| 49,528 |
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| 44,557 |
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Amortization of acquired intangible assets |
| 6,547 |
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| 6,777 |
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Restructuring and other charges, net |
| 247 |
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| 14,034 |
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| Total operating expenses |
| 251,882 |
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| 238,280 |
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| Operating income |
| 90,338 |
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| 30,425 |
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| Other expense, net |
| (12,931) |
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| (11,394) |
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| Income before income taxes |
| 77,407 |
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| 19,031 |
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| Provision (benefit) for income taxes |
| 53,892 |
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| (16,424) |
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| Net income | $ | 23,515 |
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| $ | 35,455 |
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| Earnings per share: |
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| Basic | $ | 0.20 |
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| $ | 0.31 |
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| Weighted average shares outstanding |
| 116,401 |
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| 115,190 |
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| Diluted | $ | 0.20 |
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| $ | 0.31 |
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| Weighted average shares outstanding |
| 117,605 |
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| 115,691 |
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| (1) See supplemental financial data for revenue by license, support, and professional services. |
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| (2) See supplemental financial data for additional information about stock-based compensation. |
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