PTC (NASDAQ: PTC) is a global technology provider of the leading IoT and AR platform and field-proven solutions transform how companies create, operate, and service products. PTC has the most robust Internet of Things technology in the world. In 1986 we revolutionized digital 3D design, and in 1998 we were first to market with Internet-based PLM. Now our leading IoT and AR platform and field-proven solutions bring together the physical and digital worlds to reinvent the way you create, manufacture, operate, and service products. With PTC, global manufacturers and an ecosystem of partners and developers can capitalize on the promise of the IoT today and drive the future of innovation.

Company Growth (employees)
Type
Public
HQ
Needham, US
Founded
1985
Size (employees)
5,800 (est)
Website
ptc.com
PTC was founded in 1985 and is headquartered in Needham, US

Key People at PTC

James Heppelmann

James Heppelmann

CEO
Andrew Timm

Andrew Timm

Chief Technology Officer
Andrew Miller

Andrew Miller

Executive Vice President & CFO
Barry Cohen

Barry Cohen

EVP Strategy

PTC Office Locations

PTC has offices in Needham, Waterloo, São Paulo, Agrate Brianza and in 10 other locations
Needham, US (HQ)
140 Kendrick St
Bengaluru, IN
8 MG Road
Marston Green, GB
Bickenhill Ln
Sydney, AU
9 Castlereagh St
Barcelona, ES
7 Avinguda del Camp de la Bota
Waterloo, CA
410 Albert St
Show all (14)

PTC Data and Metrics

PTC Financial Metrics

PTC's revenue was reported to be $280 m in Q2, 2017
USD

Revenue (Q2, 2017)

280 m

Gross profit (Q2, 2017)

198.2 m

Gross profit margin (Q2, 2017), %

71%

Net income (Q2, 2017)

(10.2 m)

EBIT (Q2, 2017)

7.5 m

Market capitalization (18-Aug-2017)

6.2 b

Cash (01-Apr-2017)

243.3 m
PTC's current market capitalization is $6.2 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.3 b1.4 b1.3 b1.1 b

Revenue growth, %

5%(7%)(9%)

Cost of goods sold

373 m373.7 m334.7 m325.7 m

Gross profit

920.5 m983.3 m920.5 m814.9 m

Gross profit Margin, %

71%72%73%71%

Sales and marketing expense

367.5 m

R&D expense

229.3 m

General and administrative expense

145.6 m

Operating expense total

742.4 m

EBIT

127.3 m196.6 m41.6 m(37 m)

EBIT margin, %

10%14%3%(3%)

Interest expense

7 m8.2 m14.7 m29.9 m

Interest income

2.9 m3.1 m3.7 m3.4 m

Pre tax profit

126.2 m186.1 m26.5 m(67.2 m)

Income tax expense

(17.5 m)25.9 m(21 m)(12.7 m)

Net Income

143.8 m160.2 m47.6 m(54.5 m)
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Revenue

336.6 m325.4 m314.1 m303.1 m272.6 m288.7 m286.3 m280 m

Cost of goods sold

91.1 m92.9 m86.1 m79.4 m80.2 m82.5 m82.1 m81.8 m

Gross profit

245.6 m232.5 m228.1 m223.7 m192.4 m206.2 m204.2 m198.2 m

Gross profit Margin, %

73%71%73%74%71%71%71%71%

Sales and marketing expense

91.4 m87.6 m82 m86.5 m87.2 m94.9 m90.7 m87.8 m

R&D expense

57.4 m61.1 m60.2 m54.1 m56.6 m57.1 m57.9 m57.7 m

General and administrative expense

33.8 m37 m34.2 m48.1 m33.9 m35.5 m36.7 m36.8 m

EBIT

54.4 m37.6 m4 m21.6 m1.8 m7.6 m4.6 m7.5 m

EBIT margin, %

16%12%1%7%1%3%2%3%

Interest income

2.3 m3.2 m3.6 m3.7 m

Pre tax profit

52.1 m34.4 m387 k17.9 m(3.6 m)(704 k)(6.5 m)(1.1 m)

Net Income

121.4 m30.3 m35.7 m53.1 m(29.1 m)(26 m)(9.1 m)(10.2 m)
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

240.3 m167.9 m489.5 m241.9 m293.7 m273.4 m277.9 m

Current Assets

680.2 m732.2 m704.7 m642.6 m

PP&E

64.7 m67.8 m65.2 m67.1 m

Goodwill

769.1 m1 b1.1 b1.2 b

Total Assets

1.8 b2.2 b2.2 b2.4 b

Accounts Payable

18 m

Current Liabilities

528.6 m626.7 m617.3 m654.5 m

Additional Paid-in Capital

1.8 b1.6 b1.6 b1.6 b

Retained Earnings

(810.4 m)(650.2 m)(602.6 m)(657.1 m)

Total Equity

926.5 m853.9 m860.2 m842.7 m

Financial Leverage

2 x2.6 x2.6 x2.8 x
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Cash

304.2 m261.1 m267.8 m275.1 m368.5 m294.6 m173.4 m243.3 m

Current Assets

711.2 m696.1 m706.3 m635.2 m741.4 m635.3 m513.2 m671.7 m

PP&E

63.6 m65.8 m65.2 m65 m62.9 m62.9 m65.9 m63.4 m

Goodwill

870.8 m1 b985 m1.1 b1.2 b1.2 b1.2 b1.2 b

Total Assets

2 b2.1 b2.1 b2.1 b2.4 b2.3 b2.2 b2.3 b

Accounts Payable

13.9 m13.9 m14.6 m13.4 m16.3 m19.1 m18.4 m

Current Liabilities

548.4 m589 m660.7 m638.2 m618.8 m603.9 m556.7 m683.9 m

Additional Paid-in Capital

1.7 b1.6 b1.6 b1.6 b1.6 b1.6 b1.6 b1.6 b

Retained Earnings

(688.9 m)(619.9 m)(614.5 m)(597.1 m)(631.7 m)(628.6 m)(666.2 m)(667.3 m)

Total Equity

830.3 m854.1 m862.7 m819 m847.3 m

Financial Leverage

2.6 x2.8 x2.7 x2.7 x2.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

143.8 m160.2 m47.6 m(54.5 m)

Depreciation and Amortization

76.6 m77.3 m84.4 m86.6 m

Accounts Receivable

17.3 m7.6 m29.7 m52.6 m

Accounts Payable

(4.8 m)(436 k)31.1 m(14.2 m)

Cash From Operating Activities

224.7 m304.6 m179.9 m183.2 m

Purchases of PP&E

(29.3 m)(25.3 m)(30.6 m)(26.2 m)

Cash From Investing Activities

(274.5 m)(348.8 m)(140 m)(237.2 m)

Short-term Borrowings

(111.9 m)(1 b)(128.8 m)(580 m)

Cash From Financing Activities

(196.5 m)105.4 m(42.2 m)51.7 m
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Net Income

121.4 m30.3 m35.7 m53.1 m(29.1 m)(26 m)(9.1 m)(10.2 m)

Depreciation and Amortization

57.3 m21.2 m42.2 m63.5 m42.9 m64.7 m21.5 m42.7 m

Accounts Receivable

14.6 m25.8 m22.7 m44.9 m63.6 m58.5 m21.2 m15.4 m

Cash From Operating Activities

253.4 m13.6 m105.6 m192.5 m110.1 m169.6 m(48 m)28.4 m

Purchases of PP&E

(16.7 m)(7.9 m)(14.1 m)(20.6 m)(8.9 m)(16.6 m)(7.1 m)(14.8 m)

Cash From Investing Activities

(128.2 m)(8.8 m)(14.9 m)(130 m)(173.1 m)(225.4 m)(5.6 m)1.7 m

Cash From Financing Activities

(63.5 m)(27.8 m)(102.9 m)(66.6 m)152.3 m72.1 m(41.2 m)(57.9 m)
Y, 2017

Financial Leverage

2.8 x

PTC Operating Metrics

PTC's Customers was reported to be 27 k in Q1, 2017
Q3, 2015Q3, 2016FY, 2016Q4, 2016Q1, 2017

Bookings

$62 m$69 m$86 m$105 m$142 m$401 m$90 m$95 m

Annual Contract Value

$6 m$11 m$23 m$30 m$50 m$114 m$29 m$34 m

Customers

27 k

PTC Market Value History

PTC Revenue Breakdown

PTC Median Salaries

Source: 345 public H-1B filings from PTC

Traffic Overview of PTC

PTC Online and Social Media Presence

PTC Company Life and Culture

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