5/13/2023 0 Comments Formation creo windchillRockwell came in ahead of their part of our plan, too, which was great to see and suggest my concerns of them being distracted and may prove overstated. The strength was broad-based across direct sales and resellers and was achieved with no megadeals. I know that some analysts and investors had voice concerned that the restructuring work we did in late Q4 and throughout Q1 would distract us, but obviously, we didn't see that. So this performance was more than 20% above plan. To put it in perspective, given the tough comparison against Q1 of last year, we had planned bookings to actually be down slightly, inclusive of Arena. Bookings were up double digits organically and high teens overall against the very strong COVID bounce back quarter we saw in Q1 of fiscal '21 when bookings grew more than 30% over the prior year. Of particular note was our bookings strength. We're off to a very strong start in fiscal 2022. Adjusted free cash flow was also strong at $145 million, which was up 20% year over year and better than the $140 million expectation we said at the Investor Day. That represents 16% growth, 11% of which was organic. ARR came in at $1.507 billion, which was better than the $1.5 billion we had guided to at the recent Investor Day. To simplify things, please note that throughout my prepared commentary, I will only discuss growth rates in constant currency. We executed very well, building on the momentum we saw in Q4. Turning to Slide 3, I'm pleased to share that PTC delivered another strong financial performance in fiscal Q1. Good afternoon, everyone, and thank you for joining us.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |