Company: PTC
Filing Date: 2025-11-21
Form Type: 10-K
Source: 0001193125-25-291326
Chunk: 80

Company: PTC INC.
Filing Date: 2025-11-21
Form: 10-K
Item: Item 6
Chunk 80
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 January 31, 2023, and the effects of the pro forma adjustments listed above.

         (in thousands)
          
         Pro forma year ended September 30,

         2023

         Revenue
          
         $
         2,140,738

         Net income
          
         $
         239,437

       The impact from acquisitions other than ServiceMax for the reported periods if presented on a pro forma basis would not differ materially from our reported results.Other AcquisitionsIn the third quarter of 2025, we acquired IncQuery Group GmbH pursuant to a Share Purchase Agreement. The purchase price was $7.9 million, net of cash acquired, of which $6.5 million was paid in the period and $1.4 million is contingent consideration that may be paid in 2027 to the extent earned. 

F-21

PLM Services Business DispositionIn 2022, we sold a portion of our PLM services business to ITC Infotech India Limited pursuant to a Strategic Partner Agreement dated as of April 20, 2022 by and between PTC and ITC Infotech. Consideration received from ITC Infotech for the sale was approximately $60.4 million, consisting of $32.5 million cash paid on closing and $28.0 million of services to be provided by ITC Infotech to PTC for no additional charge. Additionally, there was contingent consideration of up to $20 million based on certain performance milestones. We elected to defer the recognition of gains associated with contingent consideration until they became realizable.In the year ended September 30, 2025, we recognized a $13.1 million gain upon the achievement of performance milestones associated with this contingent consideration. This consideration will be received in credits for future services to be provided by ITC Infotech rather than in cash. The gain was recognized in Other income, net in the Consolidated Statements of Operations.6. Goodwill and Acquired Intangible AssetsGoodwill and acquired intangible assets consisted of the following:

         (in thousands)
          
         September 30, 2025

         September 30, 2024

         GrossCarryingAmount

         AccumulatedAmortization

         Net BookValue

         GrossCarryingAmount

         AccumulatedAmortization

         Net BookValue

         Goodwill (not amortized)

         $
         3,493,316

         $
         3,461,891

         Intangible assets with finite lives (