PTC is building a platform on a super tanker. PTC was one of the busiest companies in the design and engineering segment through 2020, and that’s saying something after a year of shutdown and buildup. CEO Jim Heppelmann said, “Fiscal 2021 is off to a great start” and that’s a pretty good way to describe double digit growth, strong cash flow, new customers, and new growth in … [Read more...] about PTC’s financial report for Q1 2021 is a cause for optimism
Windchill
PTC’s latest version of Windchill 11 knits IoT, ALM, and more into PLM
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 Q3 results in a word: Ouch!
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!
PTC looks past flat Q1 results
China is slow, the Yen is falling. What Wall Street really wants to hear about is PTC’s play in the Internet of Things. By Randall S. Newton PTC today reported first quarter fiscal results essentially flat when compared to a year ago, but in line with previous forecasts. The routine conference call with Wall Street analysts to discuss the call turned into an extended … [Read more...] about PTC looks past flat Q1 results
PTC joins the ranks of companies enabling virtualization
The virtualization trend is exploding as standards are set in place. PTC certifies first virtualization platform with Citrix, IBM, and Nvidia; more to come. Virtualization has finally reached acceptance among users and it’s happening even faster than many companies selling the hardware expected. At PTC’s worldwide conference this year, PTC Live 2013, the company announced an … [Read more...] about PTC joins the ranks of companies enabling virtualization
Customers were waiting for Teamcenter on the cloud
PLM Software? Check. Integration Partner? Check. Cloud Platform? Check. When PTC announced it would provide its Windchill enterprise PLM software on the cloud three years ago, the market replied with a collective yawn. It wasn’t that the software was bad—Windchill is competitive and popular—but companies that use enterprise-class PLM software were just not ready to deploy to … [Read more...] about Customers were waiting for Teamcenter on the cloud
PTC revenue up 6% in third quarter while net profit rises 47%
Sinking Euro was bad news for revenue, good news for expenses. PLM vendor PTC (PMTC: Nasdaq) reports third quarter revenue rose 6.5% from 3Q11 to $311 million. In the quarter ending June 30, 2012, the company landed 34 large deals (more than $1 million) during the quarter, up from 25 such deals in the previous quarter. One of the deals was characterized as “a mega deal,” with … [Read more...] about PTC revenue up 6% in third quarter while net profit rises 47%
PTC presents new mission, new market alignment
The company that introduced parametric 3D CAD now wants to guide manufacturers through the transition to digitization of strategic processes. An exuberant James Heppelmann took the stage at Planet PTC Live 2012 this week in Orlando to tell 2,000 customers how his company will take them beyond complex geometry and well-organized engineering data. Along with his lieutenants and … [Read more...] about PTC presents new mission, new market alignment
PTC reports lackluster second quarter results
Revenue of $301 million is below guidance; net profit cratered. Is this a temporary setback or the start of a long decline? By Randall S. Newton PTC (Nasdaq: PMTC) reported a second fiscal quarter (ending March 31, 2012) that came in below expectations. Revenue for the quarter was $301 million, up 12% from a year earlier. But all of the growth came from the services side of … [Read more...] about PTC reports lackluster second quarter results
PTC releases Creo the Next Generation
First full update of the MCAD suite replacing Pro/Engineer and CoCreate introduces a tenth app, for modular product design. Creo’s 2D sketch app is now available for Mac OS X. PTC today announced an update to the Creo line of MCAD apps which has replaced Pro/Engineer. All nine existing apps have been updated to version 2.0 and a tenth—Creo Options Modeler—will be released … [Read more...] about PTC releases Creo the Next Generation