Discontinued — last reported Q2 '23
Business Segments · Gross Profit
Professional Services — Gross Profit
PTC Professional Services — Gross Profit increased by 57.5% to $6.29M in Q1 2023 compared to the prior quarter. Year-over-year, this metric declined by 25.2%, from $8.41M to $6.29M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2014
Last reportedQ2 2023May 3, 2023
Rolls up toGross Profit
How to read this metric
Higher gross profit indicates a more efficient service delivery model or higher pricing power for consulting and implementation expertise.
Detailed definition
This is the difference between professional services revenue and the direct costs associated with delivering those servi...
Peer comparison
A critical benchmark for software companies to determine if their services business is a profit center or a loss-leader for software sales.
Metric ID:
ptc_segment_professional_services_gross_profitHistorical Data
8 periods
| Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $6.51M | $5.94M | $7.15M | $8.41M | $2.90M | $4.17M | $3.99M | $6.29M |
| QoQ Change | — | -8.7% | +20.3% | +17.7% | -65.5% | +43.8% | -4.2% | +57.5% |
| YoY Change | — | — | — | — | -55.4% | -29.8% | -44.1% | -25.2% |
Range$2.90M – $8.41M
CAGR-2.0%
Avg YoY Growth-38.7%
Median YoY Growth-37.0%
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Frequently Asked Questions
- What is PTC's professional services — gross profit?
- PTC (PTC) reported professional services — gross profit of $6.29M in Q1 2023.
- How has PTC's professional services — gross profit changed year-over-year?
- PTC's professional services — gross profit decreased by 25.2% year-over-year, from $8.41M to $6.29M.
- What does professional services — gross profit mean?
- The profit earned from professional services after subtracting direct delivery costs.