PTC Inc. (NASDAQ:PTC) Q4 2023 Earnings Conference Call November 1, 2023 5:00 PM ET

Company Participants

Matt Shimao - SVP, IR

Jim Heppelmann - CEO

Neil Barua - CEO-elect

Kristian Talvitie - CFO

Conference Call Participants

Kyle Aberasturi - BMO Capital Markets

Ken Wong - Oppenheimer

Jason Celino - KeyBanc Capital Markets

Saket Kalia - Barclays

Andrew Obin - BofA Securities

Steve Tusa - JPMorgan

Jay Vleeschhouwer - Griffin Securities

Blair Abernethy - Rosenblatt Securities

Operator

Good afternoon, ladies and gentlemen. Thank you for standing by, and welcome to PTC's 2023 Fourth Quarter Conference Call. [Operator Instructions] Following the presentation, the conference will be open for questions.

I would now like to turn the call over to Matt Shimao, PTC's Head of Investor Relations. Please go ahead.

Matt Shimao

Good afternoon. Thank you, Danica, and welcome to PTC's 2023 fourth quarter conference call. On the call today are Jim Heppelmann, CEO; Neil Barua, CEO-elect; and Kristian Talvitie, CFO. Today's conference call is being broadcast live through an audio webcast, and a replay of the call will be available later today at www.ptc.com.

During this call, PTC will make forward-looking statements including guidance as to future operating results. Because such statements deal with future events, actual results may differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements can be found in PTC's annual report on Form 10-K, Form 10-Q and other filings with the U.S. Securities and Exchange Commission as well as in today's press release.

The forward-looking statements, including guidance provided during this call are valid only as of today's date, November 1, 2023, and PTC assumes no obligation to update these forward-looking statements. During the call, PTC will discuss non-GAAP financial measures. These non-GAAP measures are not prepared in accordance with generally accepted accounting principles. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures can be found in today's press release made available on our website.

With that, I'd like to turn the call over to PTC's CEO, Jim Heppelmann.

Jim Heppelmann

Thanks, Matt. Good afternoon, everyone, and thank you for joining us. As usual, I will focus on constant currency results when discussing top line metrics, and Kristian will cover currency effects later in the call. I'm pleased to report that in the fourth quarter, PTC, again delivered solid financial results in terms of ARR and free cash flow, which are the most important metrics to assess the performance of our business.