STOCK TITAN

PTC Inc. - PTC STOCK NEWS

Welcome to our dedicated page for PTC news (Ticker: PTC), a resource for investors and traders seeking the latest updates and insights on PTC stock.

PTC, Inc. (NASDAQ: PTC) is a global leader in providing advanced technology platforms and solutions that revolutionize how companies create, operate, and service products within the Internet of Things (IoT) ecosystem. With its cutting-edge ThingWorx® technology platform, PTC empowers developers to harness and derive value from vast data generated by smart, connected devices and systems.

Founded in 1985 and headquartered in Boston, Massachusetts, PTC has grown significantly with over 7,000 employees and more than 30,000 customers worldwide. Its product suite includes high-end computer-assisted design (CAD) software like Creo and product lifecycle management (PLM) solutions such as Windchill. Moreover, PTC offers robust IoT and augmented reality (AR) solutions, enabling industries to digitally transform their operations.

PTC's innovative solutions are deployed across various industries, enhancing productivity and operational efficiency. A notable collaboration includes a strategic partnership with Volkswagen Group to adopt PTC's Codebeamer® application lifecycle management (ALM) solution for developing next-generation electric vehicles. This partnership highlights PTC's role in advancing software engineering practices within the automotive industry.

Financially, PTC has demonstrated consistent growth. In its recent fiscal year, the company reported a 26% growth in Annual Run Rate (ARR) and free cash flow increase by 41%. The company's strong market position is bolstered by its comprehensive subscription model, enabling durable and consistent revenue streams.

Strategically, PTC is focused on expanding its SaaS capabilities, emphasizing flexibility in technology deployment—whether on-premises, in the cloud, or via its pure SaaS platform.

For more information, visit PTC's official website.

Rhea-AI Summary

PTC (Nasdaq: PTC) has announced that it will release its fiscal 2024 third-quarter results on Wednesday, July 31st, 2024, after the close of the stock market.

Following the release, senior management will host a live webcast and conference call at 5:00 PM Eastern Time to discuss the results.

Investors can access the earnings press release, presentation, and financial data tables on the Investor Relations section of PTC's website.

A replay of the webcast will also be available for those who are unable to attend the live event.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.74%
Tags
-
Rhea-AI Summary

SyBridge Technologies has launched SyBridge Studio, a cutting-edge manufacturing insights app, on the PTC Onshape App Store as of June 10, 2024. This tool integrates SyBridge's extensive expertise in injection mold tooling and production-grade additive manufacturing. Leveraging advanced AI algorithms, the app offers automated Design for Manufacturability (DFM) checks, injection mold action identification, and part thickness analysis. The app aims to help engineers and designers optimize designs, validate manufacturability, and shorten time to market. Future enhancements will include cost insights, material recommendations, and on-demand part purchasing.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
none
-
Rhea-AI Summary

PTC announced solid results for Q2 of Fiscal 2024, reflecting ARR growth, cash flow stability, and earnings per share increase. The company updated mid-term targets with low double-digit ARR growth. Operating cash flow, free cash flow, and revenue showed significant improvement year over year. Despite a decline in gross debt, revenue and EPS performed well, demonstrating a positive outlook. The company's focus on expanding operating efficiency and delivering value to customers is evident in the financial results.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.49%
Tags
Rhea-AI Summary
PTC has been named as the 2024 Outright Leader in the SPARK Matrix for Retail Product Lifecycle Management by Quadrant Knowledge Solutions. PTC's Retail PLM solution is praised for its technology excellence, customer impact, scalability, and security. The solution enables retailers to streamline processes, enhance collaboration, accelerate time-to-market, and make data-driven decisions to stay competitive in the retail market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.34%
Tags
none
-
Rhea-AI Summary
PTC (Nasdaq: PTC) will release its fiscal 2024 second quarter results on May 1st after market close. A live webcast and conference call will be hosted by senior management at 5pm Eastern Time on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
Tags
-
Rhea-AI Summary
Trax and PTC partner to integrate platforms for optimized aircraft maintenance, aiming to streamline MRO activities and enhance customer satisfaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
Tags
partnership
Rhea-AI Summary
PTC (Nasdaq: PTC) announces participation in various upcoming conferences, including Morgan Stanley Technology, KeyBanc Emerging Technology Summit, and more. The company provides a webcast link for viewing the conferences and highlights that statements made are as of the date of each conference.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
Tags
conferences
-
News
Rhea-AI Summary
HungerRush appoints Mike Jerich as CEO, elevates Bill Mitchell to Executive Chair of the Board of Directors. Mike's leadership and software experience make him the right person to advance the company's mission. HungerRush provides innovative product solutions for the restaurant industry, focusing on optimization to meet evolving challenges.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
Tags
management
-
Rhea-AI Summary
PTC (NASDAQ: PTC) reported solid ARR and cash flow results for Q1'24, with a 24% YoY increase in ARR, 18% revenue growth, and a 4% increase in operating cash flow. The company's fiscal 2024 guidance remains unchanged, with a 11% - 14% YoY growth in ARR and 8% - 13% revenue growth. The long-term goal is to return approximately 50% of free cash flow to shareholders via share repurchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
Tags
Rhea-AI Summary
PTC (Nasdaq: PTC) will release its fiscal 2024 first quarter results on Wednesday, January 31st after the stock market closes. Senior management will host a live webcast and conference call to review the results on the same day at 5pm Eastern Time. The earnings press release, accompanying earnings presentation, and financial data tables will be accessible prior to the conference call and webcast on the Investor Relations section of the Company's website at PTC Investor Relations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.76%
Tags

FAQ

What does PTC, Inc. specialize in?

PTC, Inc. specializes in providing technology platforms and solutions for the Internet of Things (IoT), augmented reality (AR), computer-assisted design (CAD), and product lifecycle management (PLM).

Where is PTC, Inc. headquartered?

PTC, Inc. is headquartered in Boston, Massachusetts.

Who are some of PTC, Inc.'s notable clients?

One of PTC, Inc.'s notable clients is the Volkswagen Group, which uses PTC's Codebeamer® application lifecycle management (ALM) solution for developing next-generation electric vehicles.

What is the ThingWorx® platform?

The ThingWorx® platform is PTC's advanced technology platform that provides developers the tools to capture, analyze, and capitalize on data generated by smart, connected products and systems within the Internet of Things (IoT).

How does PTC, Inc. contribute to digital transformation?

PTC, Inc. contributes to digital transformation by offering solutions that enhance product and service innovation, improve operational efficiency, and increase workforce productivity for industrial and manufacturing companies.

What financial growth has PTC, Inc. recently reported?

PTC, Inc. reported a 26% growth in Annual Run Rate (ARR) and a 41% increase in free cash flow in its recent fiscal year.

What are some of PTC, Inc.’s core products?

PTC, Inc.'s core products include the Creo CAD software, Windchill PLM solution, ThingWorx® IoT platform, and Vuforia AR platform.

How many employees does PTC, Inc. have?

PTC, Inc. employs over 7,000 people globally.

What is PTC, Inc.’s approach to technology deployment?

PTC, Inc. offers flexible technology deployment options including on-premises, in the cloud, and pure SaaS platforms.

Who can I contact for investor relations information?

For investor relations information, contact Matt Shimao, SVP of Investor Relations at PTC, via email at mshimao@ptc.com or investor@ptc.com.

PTC Inc.

Nasdaq:PTC

PTC Rankings

PTC Stock Data

21.07B
119.74M
6.09%
100.61%
2.43%
Software Publishers
Information
Link
United States of America
BOSTON