Acquisitions and Disposition of Business (Tables)

9 Months Ended

Jun. 30, 2023

Business Acquisition [Line Items]

Unaudited Pro Forma Financial Information

The unaudited pro forma financial information for the three and nine months ended June 30, 2023 and 2022 presented below combines the historical results of PTC for those periods and the historical results of ServiceMax for the three and nine months ended July 31, 2022, respectively, and the effects of the pro forma adjustments listed above.

(in thousands)	Pro forma three months ended				Pro forma nine months ended
	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Revenue	$	542,342	$	506,367	$	1,594,118	$	1,550,767
Net income	$	61,398	$	59,905	$	193,834	$	136,495

Servicemax Inc. acquisition

Business Acquisition [Line Items]

Schedule of purchase price allocation

The following table sets forth 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(1)	$	979,349
Customer relationships		509,200
Purchased software		106,900
Accounts receivable		58,722
Trademarks		9,000
Other net assets		5,540
Net tax liability(1)		(122,654	)
Deferred revenue		(97,829	)
Total	$	1,448,228

(1)Includes a measurement period adjustment of $4.2 million to Goodwill and $(4.2) million to Net tax liability in the third quarter of 2023 related to deferred tax liabilities.