PTC Inc. (NASDAQ:PTC) Q4 2024 Earnings Conference Call November 6, 2024 5:00 PM ET

Company Participants

Matt Shimao - Head of Investor Relations
Neil Barua - President and Chief Executive Officer
Kristian Talvitie - Executive Vice President and Chief Financial Officer

Conference Call Participants

Ken Wong - Oppenheimer & Co. Inc.
Daniel Jester - BMO Capital Markets
Saket Kalia - Barclays Capital
Joseph Vruwink - Robert W. Baird & Co.
Adam Borg - Stifel, Nicolaus & Company
Jay Vleeschhouwer - Griffin Securities, Inc.
Andrew Obin - Bank of America Merrill Lynch
Jason Celino - KeyBanc Capital Markets

Operator

Good afternoon, ladies and gentlemen, and thank you for standing by, and welcome to today's PTC 2024 Fourth Quarter Conference Call. During this presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be opened for open questions.

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

Matt Shimao

Good afternoon. Thank you, Aaron, and welcome to PTC's fourth quarter and full fiscal year 2024 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 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 6, 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 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. I've been traveling the globe, meeting with customers, listening to their perspectives and supporting the teams to close deals. I'm hearing one consistent theme from the companies that build the products the world relies upon, "Neil, we need to shorten our development time lines as quickly as possible with the highest quality to remain competitive. This includes our hardware, mechanical, electronic and embedded software processes that all need to come together for a final product. Please help us do this as PTC's core offerings are the key to unlock this value."