Discontinued — last reported Q2 '23
Professional Services — Cost Of Revenue
PTC Professional Services — Cost Of Revenue 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
How to read this metric
An increase relative to revenue may indicate declining service margins or inefficiencies in project delivery, while a decrease suggests improved operational leverage.
Detailed definition
This metric represents the direct costs incurred by the company to deliver professional services, including consulting,...
Peer comparison
Peers in the enterprise software space typically maintain service margins between 20% and 40%, depending on the mix of internal versus partner-led delivery.
ptc_segment_professional_services_cost_of_revenueHistorical Data
| Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | |
|---|---|---|---|---|---|---|
| Value | $34.73M | $36.98M | $34.57M | $36.17M | $31.56M | $34.83M |
| QoQ Change | — | +6.5% | -6.5% | +4.6% | -12.7% | +10.3% |
| YoY Change | — | — | — | +4.2% | -14.7% | +0.8% |
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Frequently Asked Questions
- What is PTC's professional services — cost of revenue?
- PTC (PTC) reported professional services — cost of revenue of $34.83M in Q1 2023.
- How has PTC's professional services — cost of revenue changed year-over-year?
- PTC's professional services — cost of revenue increased by 0.8% year-over-year, from $34.57M to $34.83M.
- What does professional services — cost of revenue mean?
- The total direct expenses required to provide professional consulting and implementation services to customers.