Acquisitions and Disposition of Business (Tables)

6 Months Ended

Mar. 31, 2023

Business Acquisition [Line Items]

Unaudited Pro Forma Financial Information

The unaudited pro forma financial information for the three and six months ended March 31, 2023 and 2022 combines the historical results of PTC for those periods and the historical results of ServiceMax for the three and six months ended April 30, 2022, respectively, and the effects of the pro forma adjustments listed above. The unaudited pro forma financial information was as follows:

(in thousands)	Pro forma three months ended				Pro forma six months ended
	March 31, 2023		March 31, 2022		March 31, 2023		March 31, 2022
Revenue	$	542,181	$	546,685	$	1,051,776	$	1,044,400
Net income	$	74,805	$	71,839	$	132,436	$	76,591

Servicemax Inc. acquisition

Business Acquisition [Line Items]

Schedule of purchase price allocation

The following table outlines the preliminary purchase price allocation for ServiceMax. We have also recorded a liability of $620.0 million related to the fair value of the $650.0 million deferred purchase price payment.

(in thousands)
Goodwill	$	975,132
Customer relationships		509,200
Purchased software		106,900
Accounts receivable		58,722
Trademarks		9,000
Other net assets		5,540
Net tax liability		(118,437	)
Deferred revenue		(97,829	)
Total	$	1,448,228

Intland Software

Business Acquisition [Line Items]

Schedule of purchase price allocation

The following table outlines the purchase price allocation for Intland Software:

(in thousands)
Goodwill	$	240,971
Customer relationships		38,800
Purchased software		19,100
Accounts receivable		6,506
Trademarks		1,300
Net tax liability		(20,811	)
Deferred revenue		(6,925	)
Other net liabilities		(818	)
Total	$	278,123