Support & cloud services revenue was $231 million, up 16% year/year and up $7 million from Q2 A different way to slice these numbers: License revenue was $164 million, up 38% year/year but down $34 million from Q2.
Perpetual license revenue was $7 million, up slightly year/year but basically continuing the planned decline as users switch to subscriptions.Recurring software revenue was $387 million, up 25% - about $20 million higher than expected but still down from FQ2 because of how the 606 accounting rule affects revenue recognition.Software revenue was $394 million, up 24%.Total revenue in FQ3 was $436 million, up 23% year/year (and up 19% in constant currencies, cc).A few of the things I thought most relevant and then some thoughts on what it all means: PTC offers data on overall product buckets, geos, etc. You can read/see/hear all of the details here. PTC reported fiscal third quarter results last night that were … Okay.
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