Company: PTC
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015530
Chunk: 44

Company: PTC INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 44
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1'24.

Support and cloud services revenue growth in Q1'25 was mainly driven by growth in PLM, particularly in the Americas and Europe.

Professional services revenue decreased in Q1'25 as we continue to execute on our strategy of leveraging partners to deliver services rather than contracting to deliver services ourselves.

Software Revenue by Product Group

    (Dollar amounts in millions)
     
    Three months ended

    Percent Change

    December 31,2024

    December 31,2023

    Actual

    ConstantCurrency

    PLM
     
    $
    323.6

    $
    314.7

    3
    %

    2
    %

    CAD

    210.1

    199.8

    5
    %

    4
    %

    Software revenue
     
    $
    533.7

    $
    514.5

    4
    %

    3
    %

PLM software revenue growth in Q1'25 was driven by revenue growth in Asia Pacific and the Americas.

PLM ARR grew 8% (11% constant currency) from Q1’24 to Q1'25.

CAD software revenue growth in Q1'25 was driven by revenue growth in the Americas. 

CAD ARR grew 5% (9% constant currency) from Q1’24 to Q1’25. 

19

Gross Margin

    (Dollar amounts in millions)
     
    Three months ended

    December 31, 2024

    December 31, 2023

    Percent Change

    License gross margin
     
    $
    162.5

    $
    173.7

    (6
    )%

    License gross margin percentage

    94
    %

    94
    %

    Support and cloud services gross margin
     
    $
    289.6

    $
    263.4

    10
    %

    Support and cloud services gross margin percentage

    80
    %

    80
    %

    Professional services gross margin
     
    $
    1.2

    $
    3.1

    (61
    )%

    Professional services gross margin percentage

    4
    %

    9
    %

    Total gross margin
     
    $
    453.3

    $
    440.2