PTC Investor Relations Contact
Emily Walt
Senior Director, Investor Relations
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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| Nine Months Ended |
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| June 30, |
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| June 27, |
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| June 30, |
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| June 27, |
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| 2021 |
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| 2020 |
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| 2021 |
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| 2020 |
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Revenue: |
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Recurring revenue | $ | 387,175 |
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| $ | 310,621 |
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| $ | 1,186,978 |
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| $ | 931,852 |
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Perpetual license |
| 7,259 |
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| 6,773 |
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| 22,644 |
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| 23,988 |
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Professional services |
| 41,234 |
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| 34,327 |
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| 116,882 |
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| 111,594 |
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Total revenue (1) |
| 435,668 |
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| 351,721 |
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| 1,326,504 |
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| 1,067,434 |
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Cost of revenue (2) |
| 95,077 |
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| 79,224 |
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| 271,355 |
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| 249,656 |
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| Gross margin |
| 340,591 |
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| 272,497 |
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| 1,055,149 |
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| 817,778 |
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| Operating expenses: |
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| Sales and marketing (2) |
| 134,412 |
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| 104,594 |
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| 388,315 |
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| 319,636 |
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| Research and development (2) |
| 78,134 |
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| 61,429 |
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| 221,514 |
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| 186,691 |
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| General and administrative (2) |
| 47,084 |
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| 35,709 |
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| 157,417 |
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| 113,895 |
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| Amortization of acquired intangible assets |
| 7,511 |
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| 7,302 |
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| 21,708 |
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| 21,367 |
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| Restructuring and other charges, net |
| (132) |
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| 62 |
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| 584 |
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| 32,338 |
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| Total operating expenses |
| 267,009 |
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| 209,096 |
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| 789,538 |
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| 673,927 |
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| Operating income |
| 73,582 |
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| 63,401 |
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| 265,611 |
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| 143,851 |
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| Other expense, net |
| (15,113) |
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| (18,885) |
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| (43,378) |
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| (64,526) |
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| Income before income taxes |
| 58,469 |
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| 44,516 |
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| 222,233 |
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| 79,325 |
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| Provision for income taxes |
| 7,266 |
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| 9,838 |
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| 38,253 |
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| 2,036 |
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| Net income | $ | 51,203 |
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| $ | 34,678 |
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| $ | 183,980 |
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| $ | 77,289 |
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| Earnings per share: |
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| Basic | $ | 0.44 |
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| $ | 0.30 |
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| $ | 1.58 |
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| $ | 0.67 |
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| Weighted average shares outstanding |
| 116,934 |
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| 115,759 |
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| 116,702 |
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| 115,521 |
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| Diluted | $ | 0.43 |
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| $ | 0.30 |
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| $ | 1.56 |
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| $ | 0.67 |
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| Weighted average shares outstanding |
| 118,611 |
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| 116,229 |
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| 118,181 |
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| 115,981 |
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| (1) | See supplemental financial data for revenue by license, support, and professional services. FY'21 recurring revenue includes a $6.9 million adjustment related to the fair value of acquired deferred revenue. |
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| (2) | See supplemental financial data for additional information about stock-based compensation. |
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