PTC Inc. (NASDAQ:PTC) Q3 2024 Results Earnings Conference Call July 31, 2024 5:00 PM ET
Company Participants
Matt Shimao - Head of Investor Relations
Neil Barua - Chief Executive Officer
Kristian Talvitie - Executive Vice President and Chief Financial Officer
Conference Call Participants
Siti Panigrahi - Mizuho Securities
Tyler Radke - Citigroup
Joe Vruwink - Robert W. Baird
Stephen Tusa - J.P. Morgan
Adam Borg - Stifel Financial
Joshua Tilton - Wolfe Research
Saket Kalia - Barclays Capital
Jason Celino - KeyBanc Capital Markets
Michael Richards - RBC Capital Markets
Jay Vleeschhouwer - Griffin Securities
Clark Jeffries - Piper Sandler
Operator
Good afternoon, ladies and gentlemen. Thank you for standing by, and welcome to PTC's 2024 Third Quarter Conference Call. During today's presentation, all parties will be in a listen-only mode. 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, Adam, and welcome to PTC's fiscal 2024 third quarter conference call.
On the call today are Neil Barua, Chief Executive Officer, and Kristian Talvitie, Chief Financial Officer.
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 US 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, July 31, 2024, 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 the 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 Chief Executive Officer, Neil Barua.
Neil Barua
Thanks, Matt. In Q3, we again delivered solid constant currency ARR growth, up 12% year-over-year, demonstrating that our portfolio products is resonating with customers. Our Q3 free cash flow growth was also solid, rising 29% year-over-year. Kristian will take you through our quarterly results and forward-looking guidance in detail.