PTC

Apr. 25, 2017 Summary PTC announced its results for fiscal Q2 about a week ago. As has often been the case in recent years, the results were a miss on the top line, but bookings were said to be well ahead of projections. Because of a further switch from perpetual to ratable/subscription models, the company…

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October 10, 2016 Summary Last week, PTC announced a significant bookings upside and misses to headline numbers as well. The pre-announcement of results was very sparse on details making analysis difficult and frustrating. The company also announced deeper lay-offs and cost cuts than it had earlier. The company’s shares, at recent highs, no longer represent…

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July 27, 2016 Summary Both Dassault Systemes and PTC reported their June ending quarters last week and both reports were mildly positive. On balance it appears that Dassault is gaining a bit of market share while PTC is maintaining share on a basis adjusted for its conversion. Dassault is enjoying significant success with its 3DEXPERIENCE…

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Apr. 26, 2016 2:15 PM ET Summary PTC’s apparent miss reported last week turns out to have actually been a beat-and-raise quarter. Last quarter’s results suggest that PTC is one year ahead of its plan to establish a subscription-based revenue model. Revenue for the company’s traditional family of products has muted growth potential. The key…

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Jan. 25, 2016 Summary PTC’s recently reported quarter better than suggested by headline presentation. PTC guidance already reflects headwinds from the worldwide manufacturing slowdown, exchange rate fluctuations and the shift to a subscription based revenue model. PTC has a leadership role in the Internet of Things (IoT) that is now linked with its basic solution…

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