PTC (PTC) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter ended December 31, 2023 increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth rate was modest, reflecting a continuation of the upward trend observed in recent quarters.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 Q1
Revenue for the quarter ended December 31, 2023 increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth rate was modest, reflecting a continuation of the upward trend observed in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$550.2M
Revenue reported for this quarter.
Quarter-over-quarter
+0.7%
Change from the immediately preceding quarter.
Year-over-year
+1.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.2B
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 |
|---|---|---|
| Mar 31, 2023 | $542.2M | +16.4% |
| Jun 30, 2023 | $542.3M | +17.3% |
| Sep 30, 2023 | $546.6M | +7.6% |
| Dec 31, 2023 | $550.2M | +1.5% |
Revenue performance
The reported revenue direction was positive, with a slight increase from the prior quarter. Compared to the same quarter last year, revenue also showed growth, though at a slower pace than in earlier periods.
Quarterly comparison
Sequentially, revenue rose from the September quarter, and on a year-over-year basis, it was higher than the December quarter of the prior year. The trend indicates steady but decelerating growth.
What to watch
The company's cash and cash equivalents decreased from the end of the prior fiscal year, while operating cash flow improved year over year.