What is PTC's professional services — cost of goods sold?

PTC (PTC) reported professional services — cost of goods sold of $34.83M in Q1 2023.

How has PTC's professional services — cost of goods sold changed year-over-year?

PTC's professional services — cost of goods sold increased by 0.8% year-over-year, from $34.57M to $34.83M.

What does professional services — cost of goods sold mean?

The direct costs incurred to provide professional services to customers.

Discontinued — last reported Q2 '23

Professional Services — Cost of Goods Sold

PTC Professional Services — Cost of Goods Sold increased by 10.3% to $34.83M in Q1 2023 compared to the prior quarter. Year-over-year, this metric grew by 0.8%, from $34.57M to $34.83M. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityModerate

First reportedQ3 2015

Last reportedQ2 2023May 3, 2023

Rolls up toTotal Cost of Revenue

How to read this metric

A rising cost relative to revenue may indicate declining margins or inefficiencies in service delivery, while a decrease suggests improved operational leverage.

Detailed definition

This captures the direct costs associated with delivering professional services, including personnel costs for consultan...

Peer comparison

Comparable to cost of services metrics in other technology and consulting firms; essential for calculating gross margin.

Metric ID: ptc_segment_professional_services_cost_of_goods_and_services_sold

Historical Data

8 periods

	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23
Value	$34.73M	$35.00M	$36.98M	$34.57M	$36.17M	$32.75M	$31.56M	$34.83M
QoQ Change	—	+0.8%	+5.7%	-6.5%	+4.6%	-9.5%	-3.6%	+10.3%
YoY Change	—	—	—	—	+4.2%	-6.4%	-14.7%	+0.8%

Range$31.56M – $36.98M

CAGR+0.2%

Avg YoY Growth-4.0%

Median YoY Growth-2.8%

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Frequently Asked Questions

What is PTC's professional services — cost of goods sold?: PTC (PTC) reported professional services — cost of goods sold of $34.83M in Q1 2023.
How has PTC's professional services — cost of goods sold changed year-over-year?: PTC's professional services — cost of goods sold increased by 0.8% year-over-year, from $34.57M to $34.83M.
What does professional services — cost of goods sold mean?: The direct costs incurred to provide professional services to customers.