PTC (PTC) 10-K Summary — Year Ended Sep 30, 2023
PTC Inc. filed its annual report for the fiscal year ended September 30, 2023. The company reported growth in revenue, operating income, and cash flow from operations.
Key takeaway
Year ended Sep 30, 2023 · FY2025 10-K
PTC Inc. filed its annual report for the fiscal year ended September 30, 2023. The company reported growth in revenue, operating income, and cash flow from operations.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$2.1B
Revenue reported for the fiscal year.
Operating income
$458.5M
Income from operations reported for the year.
Net income
$245.5M
Net income reported for the year.
Operating cash flow
$610.9M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2021 | $1.8B | n/a |
| Sep 30, 2022 | $1.9B | +7.0% |
| Sep 30, 2023 | $2.1B | +8.5% |
Business overview
PTC is a software company that generates revenue from on-premises subscriptions, perpetual support, SaaS, and cloud services. The company also acquired ServiceMax, which contributed to its results during the period.
Financial performance
Total revenue, annual recurring revenue (ARR), and total recurring revenue all increased compared to the prior year. Operating income also rose, while cash flow from operations improved significantly.
Material risks
The provided filing sections do not include explicit descriptions of risk factors beyond a reference to Item 1A. Therefore, no specific material risks can be identified from the supplied context.
Liquidity and capital
The company ended the period with higher cash and cash equivalents, driven by a substantial increase in operating cash flow. Cash is held in the U.S., Europe, Asia Pacific, and other regions, and management believes existing resources and credit facilities are sufficient to meet U.S. cash needs.
What to watch
Monitor the trend in annual recurring revenue (ARR) growth, as it is a key indicator of the company's subscription and SaaS performance.