The December quarter is shaping up as another period of growth above expectations for most enterprise IT vendors. Brief Reviews of quarters that were announce by the following companies: Citrix (CTXS), Alteryx (AYX) Aspen (AZPN), PTC (PTC), and F5 (FFIV). For convenience in reading, I have divided the post in two, with the first post…
IBM IBM reported the results for its fiscal Q2 Wednesday afternoon to kick off IT earnings season. The results included an earnings beat, in-line revenues, and an in-line guide. The shares have responded noticeably trading up by more than 3% after hours. The share price reaction should be carefully looked at in context; IBM shares have been…
PTC Yesterday, PTC announced that Rockwell Automation had entered into a strategic partnership. Rockwell Automation is an old large ($ 8 billion in annual revenues) , but slow growing company (growth in the mid-single digits) that focuses on hardware and software involved in industrial processes. The partnership involved Rockwell making a $1 billion equity investment…
Parametric shares broke through valuations not seen since the tech stock bubble at the turn of the century. The shares are now up by 32% year to date, significantly beyond the 11% share price appreciation seen by IGV. Overall, bookings exceeded the company’s forecast by about $25 million or 22%. The press released called out…