Company: PTC
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015530
Chunk: 64

Company: PTC INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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 cloud services revenue

    71,352

    67,023

    Total cost of software revenue

    81,575

    77,352

    Cost of professional services revenue

    30,222

    32,668

    Total cost of revenue

    111,797

    110,020

    Gross margin

    453,331

    440,194

    Operating expenses:

    Sales and marketing

    157,532

    136,924

    Research and development

    115,516

    105,783

    General and administrative

    53,319

    69,206

    Amortization of acquired intangible assets

    11,440

    10,363

    Restructuring and other credits, net

    —

    (795
    )

    Total operating expenses

    337,807

    321,481

    Operating income

    115,524

    118,713

    Interest expense

    (22,048
    )

    (35,334
    )

    Other income (expense), net

    (322
    )

    2,220

    Income before income taxes

    93,154

    85,599

    Provision for income taxes

    10,922

    19,212

    Net income
     
    $
    82,232

    $
    66,387

    Earnings per share—Basic
     
    $
    0.68

    $
    0.56

    Earnings per share—Diluted
     
    $
    0.68

    $
    0.55

    Weighted-average shares outstanding—Basic

    120,243

    119,124

    Weighted-average shares outstanding—Diluted

    121,145

    120,250

The accompanying notes are an integral part of the condensed consolidated financial statements.

2

Table of Contents

PTC Inc.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

(unaudited)

    Three months ended

    December 31, 2024

    December 31, 2023

    Net income
     
    $
    82,232

    $
    66,387

    Other comprehensive income (loss), net of tax