PTC Shares Up 6% on Strong Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/PTC'>PTC (NASDAQ:PTC)</a> shares gained more than 6% yesterday following the company’s reported strong Q4 results despite investor concerns of challenging macros, with 15% organic ARR growth that was near the high-end of guidance. </p>
<p>Management acknowledged the macro risk by providing a scenario analysis for guidance, but highlighted the resiliency of their recurring business model from both a top and bottom-line perspective as they continue to see broad-based demand. </p>
<p>Although revenue/EPS isn't a focus for the company, at $508 million/$1.27, both were nicely above the Street estimates of $497 million/$1.15. Fiscal 2023 ARR was guided to 10-14% growth. Additionally, management believes they can deliver $560 million of free cash flow, representing a 35% growth.</p>

NASDAQ:PTC