04:24 PM EST, 02/05/2025 (MT Newswires) -- PTC (PTC) reported fiscal Q1 non-GAAP earnings late Wednesday of $1.10 per diluted share, down from $1.11 a year earlier.

Analysts polled by FactSet expected $0.89.

Revenue for the quarter ended Dec. 31 was $565.1 million, up from $550.2 million a year earlier.

Analysts polled by FactSet expected $554.2 million.

For fiscal Q2, the company is projecting non-GAAP EPS of $1.30 to $1.50 on revenue of $590 million to $620 million. Analysts polled by FactSet are looking for $1.61 and $645.5 million, respectively.

For fiscal 2025, the company is projecting non-GAAP EPS of $5.30 to $6 on revenue of $2.43 billion to $2.53 billion. The company previously expected EPS of $5.60 to $6.30 on revenue of $2.51 billion to $2.61 billion. Analysts polled by FactSet are looking for $5.93 and $2.54 billion, respectively.

Shares of the company were down 2.5% in recent after-hours activity.

Price: 185.01, Change: -4.75, Percent Change: -2.50