PTC Inc. has announced its financial results for the third fiscal quarter ending June 30, 2025. The company reported an Annual Recurring Revenue $(ARR)$ of $2.416 billion, reflecting a 14% year-over-year increase from $2.126 billion in Q3 2024. In constant currency terms, ARR grew by 9.3%, reaching the higher end of the guidance range. The company also saw a 14% growth in operating and free cash flow, surpassing the guidance ranges. PTC raised its guidance for ARR, free cash flow, revenue, and non-GAAP EPS. The company is proceeding with share repurchases under a $2 billion authorization and continues to build a foundation for AI-driven and verticalized growth. Neil Barua, President and CEO of PTC, highlighted the company's strategy of enabling product data foundations and extending the value of that data across the enterprise, which is resonating with customers. The company advanced its go-to-market transformation and progressed in its focus areas of CAD, PLM, ALM, SLM, and SaaS with new product offerings and enhancements. Despite macroeconomic uncertainties, Barua expressed optimism for productive customer engagements in Q4.