PTC INC Reports 17.3% Year-Over-Year Increase in Total Revenue for Q3 FY2023
August 11, 2023
☀️Earnings Overview
For the third quarter of FY2023, ending June 30 2023, PTC INC ($NASDAQ:PTC) reported a total revenue of USD 542.3 million, an increase of 17.3% from the same quarter of the prior year. However, net income dropped by 12.9% to USD 61.4 million.
Analysis
GoodWhale has conducted an analysis of PTC INC‘s fundamentals and has determined that the company is a high risk investment in terms of financial and business aspects. This assessment is based on the Risk Rating generated by GoodWhale’s proprietary algorithm. Specifically, GoodWhale has detected two risk warnings in the income sheet and balance sheet of PTC INC. To view these warnings, one must become a registered user of GoodWhale. This type of risk rating assessment is invaluable to potential investors who are looking to make informed decisions about their investments. GoodWhale’s in-depth analysis allows users to gain important insights into the business and financial risks associated with a company, allowing them to make better-informed choices for their portfolio. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ptc Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.06k | 306.77 | 14.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ptc Inc. More…
| Operations | Investing | Financing |
| 599.59 | -860.2 | 222.48 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ptc Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.21k | 3.61k | 21.28 |
Key Ratios Snapshot
Some of the financial key ratios for Ptc Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.6% | 27.8% | 23.8% |
| FCF Margin | ROE | ROA |
| 27.7% | 12.2% | 4.9% |
Peers
The company’s products and services include CAD/CAM/CAE, PLM, and service lifecycle management (SLM) solutions. PTC’s competitors in the CAD/CAM/CAE market include CG-Vak Software & Exports Ltd, Gresham Technologies PLC, and Qumu Corp.
– CG-Vak Software & Exports Ltd ($BSE:531489)
CG-Vak Software & Exports Ltd is an Indian multinational company that provides information technology (IT) services, including digital, technology, consulting, and operations services. It is headquartered in Mumbai, Maharashtra, India. As of March 2021, the company has a market capitalization of ₹1.94 trillion (US$27 billion) and an annual revenue of ₹340.8 billion (US$4.7 billion). Its ROE is 21.79%.
The company provides a range of services, including application development and maintenance, enterprise resource planning, customer relationship management, supply chain management, infrastructure management, and business process outsourcing. It serves a variety of industries, including banking and financial services, manufacturing, retail, telecommunications, and healthcare.
– Gresham Technologies PLC ($LSE:GHT)
Gresham Technologies PLC is a British provider of software and services for processing and managing financial data. The company has a market cap of 121.84M as of 2022 and a Return on Equity of 3.3%. Gresham’s products are used by banks, payment processors and other financial institutions around the world. The company was founded in 1969 and is headquartered in London, England.
– Qumu Corp ($NASDAQ:QUMU)
Qumu Corporation provides software solutions for enterprises to create, manage, secure, distribute and measure the success of their video content. The Company operates in two segments: Software and Services. The Software segment develops and sells a cloud-based video content management system that helps organizations capture, manage and distribute live and on-demand corporate video content. The Services segment provides professional services, including consulting, customer support, system integration and managed services. Qumu Corporation is headquartered in Minneapolis, Minnesota.
Summary
PTC Inc‘s financial performance for Q3 FY2023 was mixed. On the positive side, total revenue came in at USD 542.3 million, a 17.3% year-over-year increase. On the other hand, net income declined by 12.9% compared to the same quarter of the prior year, settling at USD 61.4 million.
Overall, PTC Inc’s financials point to a company with potential for growth and further investment opportunities. Analysts should carefully consider both the positives and negatives of PTC Inc before making any decisions.
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