PTC (PTC) Revenue — Quarter Ended Sep 30, 2023
Revenue rose year over year and slightly from the prior quarter, supported by continued growth in recurring revenue.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q4
Revenue rose year over year and slightly from the prior quarter, supported by continued growth in recurring revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$546.6M
Revenue reported for this quarter.
Quarter-over-quarter
+0.8%
Change from the immediately preceding quarter.
Year-over-year
+7.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $465.9M | +8.6% |
| Mar 31, 2023 | $542.2M | +16.4% |
| Jun 30, 2023 | $542.3M | +17.3% |
| Sep 30, 2023 | $546.6M | +7.6% |
Revenue performance
The company reported higher revenue for the quarter, reflecting solid performance in its subscription and services model.
Quarterly comparison
Compared to the previous quarter, revenue was marginally higher; versus the same quarter last year, revenue increased at a stronger rate.
What to watch
Monitor the trajectory of recurring revenue as it remains the primary growth driver.