Filing Flows › PTC (PTC) › Q2 FY25
PTC (PTC) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 1, 2025
PTC (PTC) reported revenue of $636M for the second quarter fiscal 2025 (Q2 FY25), +6% from a year earlier and +13% from the quarter before. Operating margin was 35.1%, net earnings $163M (25.6% of revenue).
PTC, Q2 FY25: revenue $636M (+6% year over year), operating margin 35.1%, net earnings $163M, operating cash flow $281M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $636M | +13% | +6% |
| Gross profit | $530M | +17% | +8% |
| Operating profit | $223M | +93% | +24% |
| Net earnings | $163M | +98% | +42% |
| Operating cash flow | $281M | +18% | +12% |
| Free cash flow | $279M | +18% | +13% |
What changed
Revenue was $636.4M in Q2 FY25, up 6% year over year and up 13% from the previous quarter. Product Lifecycle Management was the largest line at 62% of revenue. Product Lifecycle Management added $22.7M year over year (up 6%), 68% of the total change.
Gross margin was 83.3%, up 1.6 points from a year earlier. Operating profit was $223.5M, a 35.1% margin (up 5.3 points year over year). Of the extra revenue versus a year earlier, 132% reached operating profit, above the 30% margin then. Operating expenses fell 2% while revenue rose 6%. The fastest-growing cost line was Other operating costs (+50%). Net earnings were $162.6M, up 42% year over year. The effective tax rate was 20.8%.
Operating cash flow was $281.3M (up 12% year over year), 173% of net earnings. Non-cash charges added back $25.4M of depreciation and amortization and $51.5M of share-based compensation. Working capital and other items added $41.7M. Capital expenditures of $2.8M left free cash flow of $278.5M.
Questions
What was PTC's revenue in the second quarter fiscal 2025?
PTC (PTC) reported revenue of $636M for the second quarter fiscal 2025 (Q2 FY25), +6% from a year earlier and +13% from the quarter before.
Was PTC profitable in the second quarter fiscal 2025?
Operating profit was $223M (35.1% of revenue) and net earnings $163M.
Source: PTC 10-Q on SEC EDGAR.