Ptc Inc Stock Price, News & Analysis

On November 1, 2021, PTC announced its recognition as a Leader in multiple industry reports related to Industrial IoT, including ABI Research's Smart Manufacturing Platforms, Forrester Wave, IDC MarketScape, and Gartner Magic Quadrant. PTC is the only vendor to achieve this status across all four assessments, reinforcing its commitment to the market. CEO Jim Heppelmann emphasized the accomplishment as validation of PTC's strategies. The firm continues to develop its ThingWorx platform to address evolving manufacturing needs.

PTC has launched the ThingWorx Digital Performance Management Solution (DPM) at the Manufacturing Live virtual event, aimed at enhancing efficiency for manufacturing companies. This unique offering allows real-time performance insights, simplifying complex data into easily understandable hours for all levels of staff. It aids with identifying production bottlenecks and validating transformation outcomes through real-time data. The company positions this software as a significant step in its IIoT growth strategy, promising rapid results within 90 days.

PTC (Nasdaq: PTC) will report its fiscal 2021 Q4 and full-year results on November 3, 2021, after market close. The senior management team will host a live webcast and conference call at 5 PM Eastern Time on the same day to discuss the results. Investors can access the earnings release, financial data, and the presentation in advance via the PTC Investor Relations website. Upcoming statements may include forward-looking financial results and product development, while actual results may differ due to risks outlined in SEC filings.

PTC and Volvo Group have announced a strategic collaboration focused on digital engineering, unifying their CAD platforms. This partnership positions PTC's Windchill® PLM and Creo® CAD software as the primary tools for Volvo Group's vehicle design. The collaboration aims to enhance product data reuse and promote a digital thread strategy, ultimately transforming product innovation processes. This initiative is expected to give Volvo a competitive edge in sustainable transportation solutions.

Accenture (NYSE: ACN) has collaborated with Vivienne Westwood to implement a new retail product lifecycle management (PLM) platform based on PTC's FlexPLM® solution. This platform enhances product development and sourcing, improving operational efficiency by integrating data sources and providing visibility across product categories. The initiative aims to streamline communication internally and with supply chain partners, previously hampered by manual processes. Accenture's expertise was noted as pivotal in delivering swift business value.

PTC (Nasdaq: PTC) announced participation in several upcoming virtual investor conferences this fall, starting with Citi's Global Technology Virtual Conference on September 13, 2021, at 8:50 AM ET. Other conferences include the BofA Industrial Software & Automation Summit on September 22, and the Berenberg CEO Conference on November 9, followed by the J.P. Morgan Digital Twin Seminar on November 10, and the RBC Global Technology Conference on November 16. Investors can access webcasts and replays through PTC's investor relations page.

PTC reported strong fiscal Q3 2021 results, achieving revenue of $436 million, a 24% increase year-over-year. The company's Annual Recurring Revenue (ARR) reached $1.42 billion, up 18%, reflecting a positive demand for its CAD and PLM solutions alongside new SaaS offerings. Operating margin stood at 17%, while non-GAAP operating margin improved to 31%. Free cash flow was $85 million. PTC maintained its fiscal year guidance, projecting ARR growth of 10%-12% and a GAAP EPS range of $1.59-$1.84, demonstrating solid operational execution amidst ongoing macroeconomic recovery.

Kalypso, a professional services firm, has been named PTC System Integrator Partner of the Year for demonstrating excellence in helping clients accelerate digital transformation. The firm also received the award for Greatest Growth of ACV, indicating significant growth in the sale of PTC solutions. Kalypso's collaboration with PTC and Rockwell Automation has led to substantial impacts for clients, focusing on delivering real business results. This recognition showcases Kalypso's commitment to PTC technologies as essential for business growth.