PTC's Q3 Earnings Match Estimates, Revenues Decrease Y/Y

PTC Inc. (PTC) reported third-quarter fiscal 2024 non-GAAP earnings per share (EPS) of 98 cents, down 1% on a year-over-year basis. The figure came in line with the Zacks Consensus Estimate. Revenues were $519 million, declining 4% year over year (down 3% at constant currency or cc). The top line missed the Zacks Consensus Estimate by 2.7%. A challenging selling environment resulted in the year-overyear decline. Top Line in Detail Recurring revenues of$ 481.6 million fell 3.4% year over year. Perpetual lice ...