Press release
PTC Announces Fiscal Fourth Quarter And Full Year 2021 Results
Strong ARR, Revenue, EPS, and Cash Flow Performance for the Fourth Quarter and Full Year BOSTON, Nov. 3, 2021 /PRNewswire/ -- PTC (NASDAQ: PTC) today reported
About this update from Ptc Inc.
[{"type":"text","content":"Strong ARR, Revenue, EPS, and Cash Flow Performance for the Fourth Quarter and Full Year\n\n\nBOSTON, Nov. 3, 2021 /PRNewswire/ -- PTC (NASDAQ: PTC) today reported financial results for its fiscal fourth quarter and full year ended September 30, 2021. \n\n \n \n \n \n \n \n\n \n\"Our performance in 2021 reflects strong execution against the financial guidance we set at the beginning of our fiscal year. Capped by an outstanding fourth quarter, in fiscal 2021 we delivered our fourth consecutive year of double-digit organic ARR growth, while also delivering operating cash flow growth of 58% and free cash flow growth in excess of 60%,\" said James Heppelmann, President and CEO, PTC.\n\"In Q4 and throughout the year we saw growth across all product segments and geographies. Our Core CAD and PLM products continued to outpace market growth, and the strong performance of our Onshape and Arena businesses reflects the growing momentum for cloud-native SaaS technologies in the industrial software market,\" continued Heppelmann.\n\"Building on a track record of solid financial performance and market leading technology, we are accelerating our SaaS transition timeline by implementing key initiatives that better align us to SaaS best practices, including reorganizing our customer success organization and combining product development, delivery, and support under one umbrella. We are also incrementally investing in our Atlas platform, the SaaS transition of our Core CAD and PLM products, and product and go-to-market initiatives for our cloud-native Onshape and Arena businesses. These changes enable PTC to accelerate the transition to SaaS across our portfolio, begin moving our on-premise customers to SaaS offerings sooner than previously contemplated, and expand contribution margins. These moves enhance PTC's ability to support customers and deliver strong top-line growth coupled with strong free cash flow, expanding our opportunity to deliver shareholder value over the long-term,\" concluded Heppelmann.\nFourth quarter and full year 2021 highlights1\nKey operating and financial highlights are set forth below. For additional details, please refer to the Q4'21 earnings presentation and financial data tables that have been posted to the Investor Relations section of our website at investor.ptc.com.\nARR was $1.47 billion at the end of Q4'21 and ...