PTC (PTC) Tops Q2 EPS by 15c, Revenues Beat; Lowers FY20 Revenue Guidance
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PTC Announces Fiscal Second Quarter 2020 Results
April 29, 2020 4:01 PM EDTSolid Q220 ARR, Revenue, Operating Margin and EPS Performance; Revises FY20 Outlook
BOSTON--(BUSINESS WIRE)-- PTC (NASDAQ: PTC) today reported financial results for its fiscal second quarter ended March 28, 2020.
Our performance in the second quarter was solid, with ARR growing 11% on a constant currency basis despite the increasingly challenging macro environment towards the end of the quarter. Revenue, operating margin and EPS results exceeded our expectations, reflecting the strength of our recurring revenue model. Given the durable nature of our business, we remain committed to delivering solid... More
