Discontinued — last reported Q2 '23
Professional Services — Net Revenue
PTC Professional Services — Net Revenue increased by 15.6% to $41.12M in Q1 2023 compared to the prior quarter. Year-over-year, this metric declined by 4.3%, from $42.98M to $41.12M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher revenue indicates strong demand for implementation services and successful customer onboarding, while declining revenue may suggest market saturation or a shift toward partner-led delivery models.
Detailed definition
This metric measures the net revenue generated from professional services, such as implementation, configuration, and tr...
Peer comparison
Software companies often view professional services as a strategic enabler for recurring subscription revenue, with revenue levels varying based on the complexity of the software suite.
ptc_segment_professional_services_sales_revenue_netHistorical Data
| Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | |
|---|---|---|---|---|---|---|
| Value | $41.23M | $44.13M | $42.98M | $39.07M | $35.56M | $41.12M |
| QoQ Change | — | +7.0% | -2.6% | -9.1% | -9.0% | +15.6% |
| YoY Change | — | — | — | -5.2% | -19.4% | -4.3% |
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Frequently Asked Questions
- What is PTC's professional services — net revenue?
- PTC (PTC) reported professional services — net revenue of $41.12M in Q1 2023.
- How has PTC's professional services — net revenue changed year-over-year?
- PTC's professional services — net revenue decreased by 4.3% year-over-year, from $42.98M to $41.12M.
- What does professional services — net revenue mean?
- The total net income earned from providing professional services and consulting to software clients.