Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessPTC Shares Up 6 percent on Strong Q4 Results

PTC Shares Up 6 percent on Strong Q4 Results

Add to Favorite
Added to Favorite


PTC (NASDAQ:PTC) shares gained more than 6% yesterday following the company’s reported strong Q4 results despite investor concerns of challenging macros, with 15% organic ARR growth that was near the high-end of guidance.
Management acknowledged the macro risk by providing a scenario analysis for guidance, but highlighted the resiliency of their recurring business model from both a top and bottom-line perspective as they continue to see broad-based demand.
Although revenue/EPS isn’t a focus for the company, at $508 million/$1.27, both were nicely above the Street estimates of $497 million/$1.15. Fiscal 2023 ARR was guided to 10-14% growth. Additionally, management believes they can deliver $560 million of free cash flow, representing a 35% growth.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Lennar Corporation’s Earnings Exceed Expectations

Lennar Corporation reported earnings and revenue that exceeded analysts'...

La-Z-Boy Incorporated Surpasses Earnings and Revenue Estimates in Q4 Fiscal Year 2024

La-Z-Boy's EPS of $0.915 exceeded estimates, showcasing strong financial...

UBS Upgrades Teradyne to Buy, Signaling Strong Confidence

UBS upgraded Teradyne to a Buy rating from a previous...

Accenture Quarterly Earnings Preview

Wall Street anticipates an EPS of 3.14 and revenue...