PTC beats revenue estimates on resilient demand for design software

Reuters
11/06
PTC beats revenue estimates on resilient demand for design software

Nov 5 (Reuters) - Industrial software maker PTC PTC.O beat fourth-quarter revenue estimates on Wednesday, driven by resilient demand for its core industrial software and early traction from new AI-powered tools.

Companies seeking to prioritize digital transformation and adopt AI into their workflows have turned to PTC's software for designing, manufacturing and maintaining their products.

PTC, whose software is used across the aerospace and defense, automotive and medical technology sectors, has been rolling out AI capabilities in its product suite, including its flagship Creo design software and Windchill product management tools.

Separately, the company announced the sale of its Kepware industrial connectivity and ThingWorx Internet of Things businesses to TPG.

PTC will receive up to $725 million in total cash consideration from the deal, if certain thresholds are achieved.

It reported revenue of $893.8 million for the fourth quarter ended September 30, ahead of analysts' estimate of $750.8 million, according to data compiled by LSEG.

Adjusted profit per share came in at $3.47, also beating the estimate of $2.27 per share.

PTC forecast first-quarter revenue in the range of $600 million to $660 million, with the midpoint below the estimate of $637.2 million.

It also expects fiscal 2026 revenue to be between $2.65 billion and $2.92 billion, the midpoint slightly below the estimate of $2.80 billion.

(Reporting by Anhata Rooprai in Bengaluru and Juby Babu in Mexico City; Editing by Shilpi Majumdar)

((Anhata.Rooprai@thomsonreuters.com))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10