- PTC (NASDAQ:PTC) reported fiscal Q4 results yesterday that beat on the top and bottom lines with $390.98M (+17% Y/Y) and $0.78, respectively.
- ARR was up 14% to $1.27B driven by strength in the core and growth businesses and the global channel plus contribution from the Rockwell Automation alliance.
- Operating margin was 32% vs. 24% in last year's quarter.
- Cash and equivalents totaled $335M at the end of the quarter and gross borrowings totaled $1B.
- For FY21, PCT expects revenue of $1.55-1.6B in revenue (up 6-10% Y/Y; consensus: $1.58B), ARR of $1.385-1.42B (up 9-12%), 28-29% operating margin, and $2.65-2.85 (up 3-11%; consensus: $2.86). PTC expects ARR Y/Y growth rates in constant currency to be approximately linear each quarter through the year.
- FY21 ARR growth includes a 2% headwind from the lower backlog exiting FY20 due to the pandemic-related bookings pressure.
- PTC shares are down 1.9% pre-market to $80.90.
- Press release.
- Previously: PTC EPS beats by $0.21, beats on revenue (Oct. 28 2020)