Company: PTC
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015530
Chunk: 52

Company: PTC INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 52
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 to its most closely comparable GAAP measure on our financial statements.

    (in millions, except per share amounts)
     
    Three months ended

    December 31, 2024

    December 31, 2023

    GAAP gross margin
     
    $
    453.3

    $
    440.2

    Stock-based compensation

    5.9

    5.1

    Amortization of acquired intangible assets included in cost of revenue

    8.3

    9.6

    Non-GAAP gross margin
     
    $
    467.5

    $
    454.8

    GAAP operating income
     
    $
    115.5

    $
    118.7

    Stock-based compensation

    55.9

    59.0

    Amortization of acquired intangible assets

    19.7

    19.9

    Acquisition and transaction-related charges

    0.2

    2.5

    Restructuring and other credits, net

    —

    (0.8
    )

    Non-GAAP operating income
     
    $
    191.3

    $
    199.4

    GAAP net income
     
    $
    82.2

    $
    66.4

    Stock-based compensation

    55.9

    59.0

    Amortization of acquired intangible assets

    19.7

    19.9

    Acquisition and transaction-related charges

    0.2

    2.5

    Restructuring and other credits, net

    —

    (0.8
    )

    Income tax adjustments(1)

    (24.7
    )

    (14.0
    )

    Non-GAAP net income
     
    $
    133.3

    $
    133.0

    GAAP diluted earnings per share
     
    $
    0.68

    $
    0.55

    Stock-based compensation

    0.46

    0.49

    Amortization of acquired intangible assets

    0.16

    0.17

    Acquisition and transaction-related charges

    0.00

    0.02

    Restructuring and other credits, net