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With the stock already up more than 16% in 2021, industrial software company
PTC (NASDAQ:PTC) has already rewarded investors this year, and it looks like there could be more to come. The latest first-quarter 2021 results saw management raise its full-year revenue and earnings guidance, and the company is well set for another strong year. Here s why.
PTC Announces Fiscal First Quarter 2021 Results
Strong ARR, Revenue and Cash Flow Performance
Raises FY 21 Guidance
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BOSTON, Jan. 27, 2021 /PRNewswire/ PTC (NASDAQ: PTC) today reported financial results for its fiscal first quarter ended December 31, 2020. Fiscal 2021 is off to a great start with double-digit top line growth and strong cash flow generation in the first fiscal quarter. PTC s results reflect strong demand across our product portfolio as customers continue to power their digital transformation initiatives with PTC s market-leading solutions, said James Heppelmann, President and CEO, PTC. With adoption of cloud and SaaS-based technologies accelerating in the industrial market, we believe our investments in product innovation and strategic acquisitions position PTC to take share and expand our leadership position in the markets we serve. The acquisition of Arena Solutions, which closed this month, together with Onshape,
PTC רכשה את חברת ארנה סלושנס ב-715 מיליון דולר pc.co.il - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pc.co.il Daily Mail and Mail on Sunday newspapers.
19 gennaio 2021
– Combination of Arena Solutions and Onshape Positions PTC as the Market Leader in SaaS CAD + PLM
– Expanded SaaS Business Unit to be Led by Mike DiTullio; Jamie Pappas Elevated to Succeed DiTullio in Global Sales Leadership Role
– Fiscal First Quarter 2021 ARR Growth Expected to be Near the High End of Guidance
BOSTON, Jan. 19, 2021 /PRNewswire/ PTC (NASDAQ: PTC) has completed its acquisition of Arena Solutions, the industry’s leading software as a service (SaaS) product lifecycle management (PLM) solution. The combination of Arena Solutions and Onshape, which PTC acquired in 2019, establishes PTC as the leading provider of pure SaaS solutions for the product development market and broadly extends PTC’s presence in the attractive mid-market, where SaaS solutions are becoming the standard.