PTC Inc. (NASDAQ: PTC) saw its stock price surge 6.17% in after-hours trading on Wednesday, following the release of its impressive third-quarter financial results for fiscal year 2025. The company not only beat analyst estimates but also raised its full-year guidance, signaling strong confidence in its future performance.
The software and services company reported quarterly earnings of $1.64 per share, significantly surpassing the analyst consensus estimate of $1.21 by 35.87%. This represents a substantial 67.35% increase from the same period last year. Revenue for the quarter came in at $643.937 million, beating the analyst consensus estimate of $582.320 million by 10.58% and marking a 24.16% year-over-year growth.
Adding to the positive sentiment, PTC raised its guidance for Annual Recurring Revenue (ARR), free cash flow, revenue, and non-GAAP EPS for the full fiscal year. The company now expects fiscal year 2025 adjusted EPS to be in the range of $6.63 to $7.03, with revenue projected between $2,570 million and $2,630 million. Furthermore, PTC's strategic focus on AI-driven growth and its expanded collaboration with NVIDIA to accelerate the design and simulation of AI infrastructure using NVIDIA Omniverse technologies have bolstered investor confidence in the company's future prospects.