2024-01-31 20:47:11 ET
PTC Inc (PTC)
Q1 2024 Earnings Conference Call
January 31, 2024 5:00 PM ET
Company Participants
Matt Shimao - Head of Investor Relations
Jim Heppelmann - Chief Executive Officer
Neil Barua - Chief Executive Officer-elect
Kristian Talvitie - Chief financial Officer
Conference Call Participants
Joshua Tilton - Wolfe Research
Clark Jeffries - Piper Sandler
Yun Kim - Loop Capital
Matt Hedberg - RBC Capital Markets
Adam Borg - Stifel
Joe Vruwink - Baird
Tyler Radke - Citi
Matt Broome - Mizuho Securities
Stephen Tusa - JPMorgan
Jay Vleeschhouwer - Griffin Securities
Saket Kalia - Barclays
Presentation
Matt Shimao
[Starts Abruptly]
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, January 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 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, Jim Heppelmann.
Jim Heppelmann
Thank you, Matt. Good afternoon, everyone, and thank you for joining us. There may be an issue displaying the presentation materials. So if you don't see them, I invite you to go to investor.ptc.com, you'll find the same presentation materials there and you can follow along. We are right now on slide three.
I'm pleased to report that PTC's Q1 results provided a good start to our fiscal '24. We delivered solid financial results, while in parallel, making great progress on CEO succession. Over the past six months, Neil and I have run a textbook transition process and we're nearing the culmination. We spent a lot of time together and traveled the world extensively to accomplish the goals we articulated of a seamless transition that ensures continuity in PTC's strategy and momentum.
Neil is ready to be CEO. He understands our business well. He's fully committed to our strategy and he has the full support of an outstanding executive team. I'm confident that PTC will continue to drive growth and profitability well as in the future under Neil's leadership....
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PTC Inc (PTC) Q1 2024 Earnings Call Transcript