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PTC Announces Fiscal First Quarter 2021 Results


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 ....

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