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 Contact
Matt Shimao
SVP, Investor Relations
mshimao@ptc.com
investor@ptc.com
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1 We include operating and non-GAAP financial measures in our operational highlights. The detailed definitions of these items and reconciliations of Non-GAAP financial measures to comparable GAAP measures are included below and in the reconciliation tables at the end of this press release. |
PTC Inc. | |||||
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME | |||||
(in thousands, except per share data) | |||||
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| Three Months Ended | ||
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| December 31, |
| December 31, |
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| 2021 |
| 2020 |
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Revenue: |
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Recurring revenue | $ 405,125 |
| $ 384,957 | ||
Perpetual license | 8,468 |
| 8,463 | ||
Professional services | 44,128 |
| 35,630 | ||
Total revenue(1) | 457,721 |
| 429,050 | ||
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Cost of revenue (2) | 95,118 |
| 86,830 | ||
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Gross margin | 362,603 |
| 342,220 | ||
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Operating expenses: |
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Sales and marketing (2) | 125,476 |
| 124,725 | ||
Research and development (2) | 80,534 |
| 70,835 | ||
General and administrative (2) | 51,940 |
| 49,528 | ||
Amortization of acquired intangible assets | 8,484 |
| 6,547 | ||
Restructuring and other charges, net | 33,991 |
| 247 | ||
Total operating expenses | 300,425 |
| 251,882 | ||
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Operating income | 62,178 |
| 90,338 | ||
Other income (expense), net | (6,802) |
| (12,931) | ||
Income before income taxes | 55,376 |
| 77,407 | ||
| Provision for income taxes | 9,287 |
| 53,892 | ||
| Net income | $ 46,089 |
| $ 23,515 | ||
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| Earnings per share: |
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| Basic | $ 0.39 |
| $ 0.20 | ||
| Weighted average shares outstanding | 117,347 |
| 116,401 | ||
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| Diluted | $ 0.39 |
| $ 0.20 | ||
| Weighted average shares outstanding | 118,598 |
| 117,605 | ||
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| (1) See supplemental financial data for revenue by license, support, and professional services. | |||||
| (2) See supplemental financial data for additional information about stock-based compensation. | |||||
