In the first quarter of fiscal 2016 PTC is posting a net loss due to restructuring costs. The silver lining is the rise in subscriptions. By Randall S. Newton When a software company is in transition from selling perpetual licenses to selling subscriptions, there is a period when revenue lags; license sales decline and subscription sign-ups increase (they hope). PTC is … [Read more...] about Another “if only” quarter for PTC
Building another node in an expanding Internet of Things platform. PTC has announced a definitive agreement to acquire Kepware, a software development company that provides communications connectivity for industrial automation. PTC will pay approximately $100 million, plus up to an additional $18 million based on achievement of certain strategic initiatives and financial … [Read more...] about PTC to acquire Kepware for industrial automation data
PTC hopes its major PLM release Windchill 11 becomes a tool for a broader range of stakeholders in a project. The company describes it as the first smart, connected PLM. The challenge of IoT and its attendant big data represents a transformational inflection point for design companies—for the first time companies enabling digital models are faced with incorporating real world … [Read more...] about PTC’s latest version of Windchill 11 knits IoT, ALM, and more into PLM
PTC makes the case for merging PLM and the Internet of Things at LiveWorx 2015 Stuttgart. By Tom Lansford Why does a CAD & PLM company invest in the Internet of Things, Big Data Analytics, and Augmented Reality? It could be due to a vision of a new "digital twin" where the digital and the real come together, interact, and are - literally - linked together. It is … [Read more...] about In search of the Digital Twin
SeeControl has created a cloud service platform for IoT development. Acquisition price was not disclosed. Autodesk has signed an agreement to acquire SeeControl, a San Francisco-based developer of an enterprise Internet of Things (IoT) cloud service platform. The move gives Autodesk a footprint in the competitive emerging space for IoT for manufacturing. Autodesk says the … [Read more...] about Autodesk buys a piece of the Internet of Things for the Cloud
Monstrous gains for Internet of Things doesn’t compensate for lackluster quarter in core businesses. By Randall S. Newton PTC (NASDAQ: PTC) delivered news they would rather have swept under the rug with their third quarter 2015 financial report. It was a down quarter for total revenue, net income, software revenue, earnings per share, and all categories of software except … [Read more...] about PTC Q3 results in a word: Ouch!
We tend to think of the Internet of Things as a vast network that is knitting itself together as devices and computers connect to each other. But rather than a conspiracy of connected things; we're more likely to see different networks of different things and most of them will do us more good than harm. The Internet of Things is more of an aspirational term rather than a … [Read more...] about The Archipelago of Things
Its LiveWorx conference on the Internet of Things has 1,000 more attendees than expected. The yottabytes are coming sooner than you think. Today’s factories turn digital prototypes into physical products, says PTC CEO Jim Heppelmann. But what becomes of the virtual model after the real one exists? The physical product never connects back to its digital origins. As envisioned … [Read more...] about PTC is connecting the digital prototype and the physical product
Slammed by currency fluctuations and the move to subscription income, PTC needs its big Internet of Things story to kick in. By Randall S. Newton After a pop-the-corks fourth quarter (See “PTC says the plan is working”), PTC today reported a lackluster first quarter for fiscal 2015 (ended January 3, 2015). Total revenue for the quarter was $325.4 million, essentially flat … [Read more...] about Flat first quarter revenue report hides the real growth at PTC
Product introductions from 2013–2014 will make for an eventful 2015 By Kathleen Maher This year saw a return of optimism even as the problems of the environment seem impossibly bleak. Our faith in technology has redoubled and people are starting to talk crazy: we’re going to live under the sea, we’re going to move to Mars, we’ll build bionic human parts, we’ll party on … [Read more...] about 2014 wasn’t that bad, was it?