Ptc Inc Stock Price, News & Analysis

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.

ServiceMax has announced a business combination with Pathfinder Acquisition Corporation (NASDAQ: PFDR), which will enable ServiceMax to become publicly traded under the symbol 'SMAX'. The transaction values ServiceMax at approximately $1.4 billion and is expected to generate about $335 million in gross proceeds. Additionally, ServiceMax plans to acquire LiquidFrameworks for $145 million, enhancing its position in field service management, particularly in the oil and gas sectors. The merger is anticipated to close in Q4 2021, subject to shareholder approval.

PTC (NASDAQ: PTC) will announce its fiscal Q3 2021 results on July 28, 2021, after market close. Following the release, a live conference call will take place at 5:00 PM ET to discuss the results. Interested parties can access the webcast at PTC Investor Relations. The company emphasizes that statements made during the call may include forward-looking statements, which are subject to risks and uncertainties that could impact actual results.

On May 27, 2021, PTC (NASDAQ: PTC) announced the launch of Vuforia Instruct, a new Software as a Service (SaaS) offering integrated with the Vuforia Enterprise AR Suite. This innovative tool allows manufacturers to create and scale interactive AR work instructions using 3D CAD data. Approximately 67% of manufacturers still use outdated paper processes, leading to inefficiencies and quality issues. Vuforia Instruct aims to enhance productivity, quality, and reduce downtime by providing real-time inspection feedback and contextual guidance for front-line workers.