OverviewSuggest Edit

PTC (formerly known as Parametric Technology Corporation) is a global software and services company delivering digital transformation for industrial companies. It operates through two segments: Software Products and Professional Services. Its principal products include Creo, Windchill, ThingWorx, and Vuforia Studio. Creo is a suite of product design software that provides a set of packages for design engineers to meet a variety of specialized needs, offering capabilities for design flexibility, advanced assembly design, piping and cabling design, etc. Windchill suite of PLM software offers product lifecycle management capabilities from design to service. ThingWorx enables customers to reduce the time, cost, and risk required to build and deploy IoT applications, connect devices, systems, and applications, manage connected products, and analyze industrial IoT data. Vuforia Studio is a cloud-based tool that enables industrial enterprises to author and publish augmented reality experiences.

TypePublic
Founded1985
HQBoston, MA, US
Websiteptc.com
Employee Ratings3.9
Overall CultureA+

Latest Updates

Employees (est.) (Sept 2020)6,243(+4%)
Job Openings226
Revenue (FY, 2020)$1.5 B(+17%)
Share Price (Jul 2021)$135.4(+2%)
Cybersecurity ratingCMore

Key People/Management at PTC

Craig Melrose

Craig Melrose

EVP, Digital Transformation Solutions
Troy K. Richardson

Troy K. Richardson

Executive Vice President and Chief Operating Officer
Michael Ditullio

Michael Ditullio

Executive Vice President, Sales and Commercial Marketing
Jon Hirschtick

Jon Hirschtick

Executive Vice President and General Manager of Onshape and Atlas
Eduarda Camacho

Eduarda Camacho

Executive Vice President and Chief Customer Officer
Steve Dertien

Steve Dertien

EVP, Chief Technology Officer
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PTC Office Locations

PTC has offices in Boston, Akron, Albuquerque, Alpharetta and in 84 other locations
Boston, MA, US (HQ)
121 Seaport Blvd
Akron, OH, US
1660 Akron Peninsula Rd
Albuquerque, NM, US
6501 Americas Pkwy
Alpharetta, GA, US
6120 Windward Pkwy #150
Altamonte Springs, FL, US
283 Cranes Roost Blvd #117
Blaine, MN, US
3785 Pheasant Ridge Dr NE
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PTC Financials and Metrics

PTC Revenue

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PTC's revenue was reported to be $1.46 b in FY, 2020 which is a 16.1% increase from the previous period.
USD

Revenue (Q2, 2021)

461.8m

Gross profit (Q2, 2021)

372.3m

Gross profit margin (Q2, 2021), %

80.6%

Net income (Q2, 2021)

109.3m

EBIT (Q2, 2021)

101.7m

Market capitalization (30-Jul-2021)

15.8b

Closing stock price (30-Jul-2021)

135.4

Cash (31-Mar-2021)

326.1m

EV

17.2b
PTC's current market capitalization is $15.8 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

1.2b1.3b1.5b

Revenue growth, %

7%1%16%

Cost of goods sold

326.2m325.4m334.3m

Gross profit

915.6m930.3m1.1b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

334.7m290.5m295.5m356.1m359.6m351.7m429.1m461.8m

Cost of goods sold

77.4m79.9m82.7m87.4m83.0m79.2m86.8m89.4m

Gross profit

257.3m210.5m212.8m268.7m276.6m272.5m342.2m372.3m

Gross profit Margin, %

77%72%72%75%77%77%80%81%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

259.9m269.6m275.5m

Accounts Receivable

129.3m372.7m415.2m

Prepaid Expenses

49.0m52.7m69.4m

Current Assets

633.8m782.6m833.4m
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

52.0m(27.5m)130.7m

Depreciation and Amortization

87.4m77.8m80.8m

Accounts Payable

5.3m16.2m(5.1m)

Cash From Operating Activities

247.8m285.1m233.8m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

21.0m(22.5m)(37.3m)35.5m42.6m77.3m23.5m132.8m

Depreciation and Amortization

20.1m39.6m58.6m19.6m40.2m60.7m18.8m40.2m

Accounts Payable

(9.6m)423.0k4.1m(12.0m)12.2m4.3m12.4m6.1m

Cash From Operating Activities

21.2m162.3m229.9m7.5m95.3m199.8m113.8m235.5m
USDFY, 2018

EV/EBIT

176.1 x

EV/CFO

52 x

Revenue/Employee

203.2k

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2.7 x

P/E Ratio

241.3
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PTC Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Oct, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020

ARR

$1.01 b$1.05 b$1.07 b$1.09 b$1.12 b$1.16 b$1.18 b$1.21 b$1.27 b

Bookings

$466 m$101 m$112 m$109 m$472 m

Annual Contract Value

$177 m$29 m$51 m$49 m$199 m

Partners

1.15 k
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PTC Acquisitions / Subsidiaries

Company NameDateDeal Size
Arena SolutionsDecember 14, 2020$715 m
OnshapeOctober 23, 2019$470 m
twnklsJune 12, 2019
Kepware TechnologiesDecember 23, 2015$100 m
VuforiaNovember 03, 2015
ColdLight SolutionsMay 05, 2015$105 m
CaugnateJanuary 01, 2015
AxedaJuly 24, 2014$170 m
AtegoJune 16, 2014$50 m
ThingWorxDecember 30, 2013$112 m
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PTC Revenue Breakdown

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PTC revenue breakdown by business segment: 90.1% from Software Products and 9.9% from Professional Services

PTC revenue breakdown by geographic segment: 18.2% from Asia Pacific, 37.3% from Europe and 44.5% from Americas

PTC Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

SecurityScorecard logo

PTC Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

PTC Online and Social Media Presence

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PTC Company Culture

  • Overall Culture

    A+

    85/100

  • CEO Rating

    B+

    73/100

  • Compensation

    A+

    86/100

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PTC News and Updates

PTC Announces Fiscal First Quarter 2021 Results

PTC (NASDAQ: PTC) today reported financial results for its fiscal first quarter ended December 31, 2020

PTC to Acquire SaaS PLM Leader Arena Solutions

PTC today announced that it has signed a definitive agreement to acquire Arena Solutions.

PTC and Ansys Deliver Latest CAD Market Innovation with Creo Ansys Simulation

The latest enhancement to PTC's award-winning Creo computer-aided design software includes the first CAD offering with Ansys's high-fidelity solvers, enabling users to rapidly simulate design outcomes with a high degree of accuracy.

PTC Expands Executive Leadership Team, Names Troy K. Richardson as EVP and Chief Operating Officer

PTC today announced the appointment of Troy K. Richardson as Executive Vice President and Chief Operating Officer, effective November 16, 2020.

PTC Named a Leader in Gartner Magic Quadrant for Industrial IoT Platforms

PTC today announced that it has been named a Leader by independent industry analyst firm Gartner in its Magic Quadrant for Industrial IoT Platforms.

PTC and Rockwell Automation Extend Strategic Alliance

Having already helped almost 250 new customers around the world to achieve their digital transformation goals, PTC and Rockwell Automation announced today the expansion and early extension of their strategic alliance.
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PTC Frequently Asked Questions

  • When was PTC founded?

    PTC was founded in 1985.

  • Who are PTC key executives?

    PTC's key executives are Craig Melrose, Troy K. Richardson and Michael Ditullio.

  • How many employees does PTC have?

    PTC has 6,243 employees.

  • What is PTC revenue?

    Latest PTC annual revenue is $1.5 b.

  • What is PTC revenue per employee?

    Latest PTC revenue per employee is $233.6 k.

  • Who are PTC competitors?

    Competitors of PTC include Siemens, SAP and Oracle.

  • Where is PTC headquarters?

    PTC headquarters is located at 121 Seaport Blvd, Boston.

  • Where are PTC offices?

    PTC has offices in Boston, Akron, Albuquerque, Alpharetta and in 84 other locations.

  • How many offices does PTC have?

    PTC has 92 offices.