Overview
- PTC, which reported results Wednesday, posted revenue of $774.3 million and adjusted earnings of $2.69 per share, topping Wall Street expectations.
- The company raised its full-year revenue target to a range of $2.58 billion to $2.82 billion from $2.54 billion to $2.81 billion.
- Management projected June-quarter revenue of $580 million to $640 million and EPS of $1.24 to $1.78, with full-year EPS now set at $6.65 to $8.90.
- CEO Neil Barua said growing interest in AI is lifting demand, highlighting PTC’s “digital thread” software that links product design, factory work, and in‑service support.
- Shares rose in after-hours trading after the report, and PTC outlined capital returns that include $625 million in Q2 buybacks and a new $2 billion repurchase plan running through September 2028.