Ptc Inc Stock Price, News & Analysis

PTC (Nasdaq: PTC) has announced it will release its fiscal 2025 first quarter results on Wednesday, February 5th, 2025, after market close. The company will host a live webcast and conference call with senior management to discuss the results at 5:00 PM Eastern Time on the same day.

The earnings release, presentation, and financial data tables will be made available on PTC's Investor Relations website before the conference call. Interested parties can access the webcast through registration, and a replay will be available afterward.

PTC has appointed Robert Dahdah as Executive Vice President, Chief Revenue Officer. Dahdah joins from Microsoft, where he served as Corporate Vice President of Global Healthcare and Life Sciences. With over 30 years of experience leading global sales organizations, Dahdah will oversee global sales and customer success for PTC's Digital Thread group and implement the company's vertical-focused go-to-market strategy.

Prior to Microsoft, Dahdah held positions at Nuance Communications and ADP, demonstrating expertise in managing sales cycles, accelerating pipeline across vertical markets, expanding into top accounts, and creating scalable models for geographical expansion.

PTC has announced a strategic partnership with Microsoft and Volkswagen Group to develop Codebeamer Copilot, a generative AI solution for software development in physical products. The AI copilot will be built on PTC's Codebeamer application lifecycle management platform and will utilize Microsoft Azure AI capabilities. The solution aims to enhance software engineers' efficiency in creating, managing, testing, and validating product requirements. Volkswagen Group will implement this technology across its brands and vehicle projects, with the beta version expected to release in early 2025.

PTC announced a new $2 billion share repurchase authorization extending through September 30, 2027. The company plans to repurchase approximately $300 million of common stock in fiscal 2025, starting in Q1. PTC's long-term strategy aims to return about 50% of free cash flow to shareholders through share repurchases while considering interest rates and strategic opportunities. The repurchases will be executed through open market purchases, including Rule 10b5-1 plans, with timing and amount dependent on factors like cash flow, economic conditions, and stock price.

PTC reported strong financial results for Q4 and FY2024, with ARR growing 14% to $2,255 million and free cash flow increasing 25% to $736 million. Q4 revenue rose 15% to $627 million, with operating margin expanding to 31%. The company announced a new $2 billion share repurchase authorization through FY2027. For FY2025, PTC forecasts 9-10% constant currency ARR growth and free cash flow of $835-850 million. The company plans to repurchase approximately $300 million of stock in FY2025 and expects to maintain a disciplined investment approach despite challenging market conditions.

PTC (Nasdaq: PTC) has announced it will release its fiscal 2024 fourth quarter and full year results on Wednesday, November 6th, 2024, after the stock market closes. The company will host a live webcast and conference call at 5:00 PM Eastern Time on the same day to review the results.

Investors can access the earnings press release, accompanying presentation, and financial data tables on the Investor Relations section of PTC's website prior to the conference call. To participate in the webcast, interested parties need to register through the provided link. A replay of the webcast will be available for those unable to attend the live event.

PTC has noted that statements made during the call are as of the event date, and the company does not assume any obligation to update statements made live or in the archived call.

PTC (NASDAQ: PTC) has announced a Strategic Collaboration Agreement with Amazon Web Services (AWS) to accelerate the growth of its Onshape cloud-native CAD and PDM solution. The collaboration focuses on advancing product enhancements, customer adoption programs, and AI initiatives. Key priorities include:

1. Onshape Discovery Program: Allowing qualified users to try Onshape Professional for free for up to six months.
2. Onshape AI Advisor: An AI-powered tool to assist users in designing products faster, expected to launch by the end of 2024.
3. CAD and PDM Conversion Tools: Expanding capabilities to simplify switching to Onshape.
4. Onshape Government: A new option complying with ITAR and FedRAMP requirements.

The collaboration aims to get Onshape into more designers' hands, accelerate product enhancements, and showcase AI's role in product development.

PTC (NASDAQ: PTC) has appointed Rob Bernshteyn to its Board of Directors, effective September 9, 2024. Bernshteyn, a veteran with over 30 years of experience in enterprise software, notably served as CEO and Chairman of Coupa Software for 14 years. During his tenure, he led Coupa's transformation into a high-growth industry leader and its successful IPO in 2016. Currently a General Partner at ICONIQ Growth, Bernshteyn brings valuable expertise in executive management, product development, and go-to-market strategies.

PTC's CEO, Neil Barua, expressed confidence in Bernshteyn's ability to contribute to the company's growth and customer delivery. Bernshteyn, who holds an MBA from Harvard Business School, will serve on PTC's Board's Compensation & People Committee.

PTC (Nasdaq: PTC) has announced its participation in four upcoming investor conferences in 2024. These include:

• Citi's 2024 Global TMT Conference on September 4th at 8:20am ET
• 2024 RBCCM Global TIMT Conference on November 19th
• Barclays 22nd Annual Global Technology Conference on December 11th
• Nasdaq 51st Investor Conference on December 11th

Webcasts and replays of these conferences will be available on PTC's investor relations website. The company notes that statements made during these conferences are accurate as of the event date, and PTC is not obligated to update any live statements or archived calls. Discussions may include forward-looking statements.