Slide 1: PTC Prepared Remarks First Quarter Fiscal 2020
PTC PREPARED REMARKS FIRST QUARTER FISCAL 2020 January 22, 2020 Please refer to the “Important Information About Our Operating and Non-GAAP Financial Measures” below for important information about our operating and Non-GAAP financial measures (including ARR and Adjusted Free Cash Flow), definitions
Slide 2: Key Highlights of Operating and Financial Measures
Key Highlights of Operating and Financial Measures In millions, except per YoY Q1’20 YoY Management Comments share amounts CC ARR growth of 11% YoY was in line with our expectations, driven by double digit ARR growth across Europe and Asia with notable ARR $1,158 11% 11% strength in PLM, well abov
Slide 3: ARR Performance by Product Group and Region
ARR Performance by Product Group In millions Q1’20 YoY YoY CC Management Comments Core product ARR growth of 10% YoY CC was above the high Core single-digit market growth rate. $830 9% 10% (CAD & PLM) This overachievement was driven by mid-teens YoY CC ARR growth in PLM, most notably in China an
Slide 4: Revenue Performance by Product Group and Region
Revenue Performance by Product Group Revenue is impacted by the adoption of ASC606 and related business policy changes. In millions Q1’20 YoY YoY CC Management Comments Core revenue growth of 6% YoY CC was driven by 66% YoY CC Core growth in subscription revenue, offset by a 98% decline YoY CC $
Slide 5: Fiscal 2020 Outlook
Fiscal 2020 Outlook Fiscal 2020 Guidance Our fiscal 2020 financial outlook includes the following general considerations: Guidance includes the financial contribution from the recently completed Onshape acquisition. Operating expenses are still expected to grow roughly 9%, slightly elevated due
Slide 6: Non-GAAP Financial Measures and Reconciliations
PTC Inc. NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS (UNAUDITED) (in thousands, except per share data) Three Months Ended December 28, December 29, 2019 2018 GAAP revenue $ 356,110 $ 334,689 Fair value adjustment of acquired deferred subscription revenue - 66 Fair value adjustment of acquired de
Slide 7: Non-GAAP Financial Measures and Reconciliations
PTC Inc. NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS (UNAUDITED) (in thousands, except per share data) Operating margin impact of non-GAAP adjustments: Three Months Ended December 28, December 29, 2019 2018 GAAP operating margin 8.5% 9.0% Fair value adjustment of acquired deferred revenue 0.0% 0
Slide 8: Important Information About Operating and Non-GAAP Financial Measures
Non-GAAP revenue, non-GAAP operating expense, non-GAAP operating margin, non-GAAP gross profit, non-GAAP gross margin, non-GAAP net income and non-GAAP EPS exclude the effect of the following items: fair value of acquired deferred revenue, fair value adjustment to deferred services cost, stock-based