05:06 PM EST, 11/06/2024 (MT Newswires) -- PTC (PTC) reported late Wednesday fiscal Q4 non-GAAP net income of $1.54 per diluted share, compared with $1.20 a year earlier.

Analysts polled by Capital IQ expected $1.46.

Revenue for the quarter ended Sept. 30 was $627 million, compared with $547 million a year earlier.

Analysts expected $620.5 million.

For fiscal Q1, the company is projecting non-GAAP EPS of $0.75 to $0.95 on revenue of $540 million to $570 million.

Analysts are looking for $1.33 and $608.6 million, respectively.

For fiscal 2025, the company is projecting non-GAAP EPS of $5.60 to $6.30 on revenue of $2.51 billion to $2.61 billion.

Analysts are looking for $5.85 and $2.54 billion, respectively.

Separately, the company authorized a $2 billion stock buyback program running through September 2027. It expects to repurchase around $300 million of its common shares during its current fiscal 2025.