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ptc PTC ANNOUNCES FISCAL SECOND QUARTER 2021 RESULTS Solid ARR , Revenue , EPS , and Cash Flow Performance for the second quarter and first half of 2021 BOSTON , MA , April 28 , 2021 - PTC ( NASDAQ : PTC ) today reported financial results for its fiscal second quarter ended March 31 , 2021 . " Our performance in the second quarter and the first half of 2021 reflects continued strong execution across all our businesses . We delivered double - digit top line growth with expanding margins , leading to strong operating and free cash flows , " said James Heppelmann , President and CEO , PTC . " I am especially excited about our pure - SaaS CAD and PLM solutions . In its first quarter as part of PTC , Arena Solutions delivered record bookings , while Onshape bookings are tracking to more than 100 % growth for the year . These impressive results clearly demonstrate the increasing investment that customers are making in SaaS solutions , " said Heppelmann . " With the strong leadership position we have captured in SaaS , PTC is poised to capitalize on this transition in the market . " " Perhaps more importantly , customers continue looking to PTC as a strategic partner in their digital transformation initiatives aimed to reduce costs and time to market , increase productivity , and transform their customer experience and engagement , " continued Heppelmann . " Our Core CAD and PLM business continues to outpace the market , and FSG bookings were strong . With our continued investment in differentiated technologies , we look forward to building on our strong performance in the first half of fiscal 2021. " Second quarter 2021 highlights¹ Key operating and financial highlights are set forth below . For additional details , please refer to the Q2'21 earnings presentation and financial data tables that have been posted to the Investor Relations section of our website at investor.ptc.com . • • ARR was $ 1.39 billion in Q2'21 , representing growth of 18 % , or 15 % in constant currency , compared to Q2'20 , reflecting strong performance in our Core and Growth businesses as well as Arena . Organic growth was 14 % in Q2'21 , or 11 % in constant currency , compared to Q2'20 . Revenue was $ 462 million in Q2'21 compared to $ 360 million in Q2'20 , growth of 28 % , or 22 % in constant currency , driven primarily by strong execution , as well as the impact of up - front license revenue recognition under ASC 606 , and a modest contribution from Arena . Cash flow from operations was $ 122 million and free cash flow was $ 116 million in Q2'21 , compared to Q2'20 cash flow from operations of $ 88 million and free cash flow of $ 82 million . Operating margin was 22 % in Q2'21 , compared to 14 % in Q2'20 . Non - GAAP operating margin in Q2'21 was 37 % , compared to 29 % in Q2'20 . Total cash and cash equivalents as of the end of Q2'21 was $ 326 million ; total debt , net of deferred issuance costs , was $ 1.5 billion . We repaid $ 80 million on our revolver in Q2'21 . 1 We include operating and non - GAAP financial measures in our operational highlights . The detailed definitions of these items and reconciliations of Non - GAAP financial measures to comparable GAAP measures are included below and in the reconciliation tables at the end of this press release . 1