Ptc Inc Stock Price, News & Analysis

PTC has successfully completed the acquisition of Arena Solutions, enhancing its position as a leading provider of pure SaaS solutions for product lifecycle management (PLM). This strategic move aims to capture the growing demand for SaaS in the product development market. Arena Solutions concluded 2020 with approximately $50 million in annualized recurring revenue, showing strong growth. PTC expects this acquisition to be neutral to FY'21 cash flow and accretive to its financial performance in FY'22 and beyond.

PTC is set to release its fiscal 2021 first-quarter results on January 27 after market close. A conference call will occur at 5 PM ET on the same day, where management will discuss the results. The earnings press release and remarks will be available on the company's Investor Relations website prior to the event. PTC emphasizes its commitment to providing innovative software solutions to improve operational efficiency and drive digital transformation in the manufacturing sector. Future results may vary due to various risks and uncertainties.

PTC has announced the acquisition of Arena Solutions, a leader in SaaS-based product lifecycle management (PLM) platforms, for $715 million. This strategic purchase aims to enhance PTC's position in the growing SaaS product development software market, particularly as demand accelerates post-COVID-19. Arena is projected to end 2020 with $50 million in annual recurring revenue, showing double-digit growth. The acquisition is set to be neutral to PTC's FY'21 cash flow and is anticipated to be accretive in FY'22 and beyond. The deal is pending regulatory review and expected to close in PTC's fiscal Q2 2021.

BOSTON, Nov. 11, 2020 /PRNewswire/ -- PTC (Nasdaq: PTC) will host an investor meeting on Tuesday, December 15, 2020, from 9:00am to 12:00pm (ET) via webcast. Senior management will discuss PTC's outlook and include a Q&A session. The discussion may cover forward-looking statements regarding PTC's strategy, financial model, and anticipated results. Investors can access the webcast at www.ptc.com/for/investors.htm. The meeting will also highlight PTC's role in enabling global manufacturers to drive digital transformation.

PTC has announced its participation in several upcoming virtual investor conferences. The key events include:

• RBC Capital Markets Conference: November 18, 2020, at 10:15 AM ET
• Nasdaq Virtual Investor Conference: December 2, 2020, at 12 PM ET
• Barclays Conference: December 9, 2020, at 1:00 PM ET
• PTC FY21 Investor Day: December 15, 2020, at 9:00 AM ET

Webcasts of these conferences can be accessed via PTC's investor relations website.

PTC announced the appointment of Troy K. Richardson as Executive Vice President and Chief Operating Officer, effective November 16, 2020. With over three decades of leadership experience in the technology sector, Richardson aims to enhance PTC's operational efficiency and growth strategy amidst increasing demand for digital solutions. He previously held significant roles at major corporations like Oracle and IBM. President and CEO Jim Heppelmann expressed confidence in Richardson's capabilities to drive the company forward during a pivotal time in its evolution.

PTC has been recognized as a Leader in Gartner's Magic Quadrant for Industrial IoT Platforms for 2020. The company achieved this status by being positioned furthest to the right for its completeness of vision. This accolade underscores PTC's strong understanding of the Industrial IoT market and its innovative business model, which simplifies customer success. The ThingWorx platform is noted for facilitating digital transformation in industrial settings, enabling robust IoT solutions and enhancing operational performance.

PTC reported strong financial results for Q4 and FY 2020, showing resilience amid the pandemic. Annual Recurring Revenue (ARR) reached $1.27 billion, growing 14% year-over-year. Q4 revenue was $391 million, a 17% increase from Q4 2019, driven by Core and Growth businesses. Operating margin improved to 17% in Q4, while non-GAAP operating margin reached 32%. For FY 2021, PTC expects ARR of $1.385 billion to $1.420 billion, with revenue growth of 6% to 10%. The outlook reflects a stable economic environment and a focus on innovation.

PTC (NASDAQ: PTC) is set to release its fiscal 2020 fourth quarter and full-year results on October 28, 2020, after market close. A live webcast and conference call will follow at 5 PM ET the same day to discuss the results. Interested parties can access the earnings release and prepared remarks beforehand on the Investor Relations page.

The company warns that actual results may differ from projections due to risks outlined in SEC filings.