Sign in

    Nay Soe Naing • Berenberg Capital Markets LLC

    Nay Soe Naing's questions to PTC Inc (PTC) leadership

    Nay Soe Naing's questions to PTC Inc (PTC) leadership • Q3 2025

    Question

    Nay Soe Naing asked what factors, beyond the go-to-market improvements, were contributing to management's confidence for Q4, particularly given the more positive commentary on the macro outlook.

    Answer

    President and CEO Neil Barua attributed his confidence to several factors. He highlighted a more disciplined pipeline review process, noting that Q4 has the highest number of deals over $5 million in the company's history. He also emphasized a significant increase in strategic engagement with C-level executives at customer accounts, which provides better visibility and elevates the conversation, citing the relationship with NVIDIA as a prime example.

    Ask Fintool Equity Research AI

    Nay Soe Naing's questions to PTC Inc (PTC) leadership • Q2 2025

    Question

    Nay Soe Naing asked if cautious customer conversations were concentrated in specific verticals or regions, and what assumptions underpin the 9% high-end of the ARR guidance.

    Answer

    CEO Neil Barua responded that the cautious conversations are idiosyncratic and not concentrated in any single vertical or geography, citing examples of some customers accelerating deals while others consider delays. Regarding the 9% guidance ceiling, he explained that even if macro and trade issues resolve quickly, some selling time has already been lost in the current fiscal year, which has only five months remaining. Therefore, the 7% to 9% range is considered the most appropriate at this time.

    Ask Fintool Equity Research AI

    Nay Soe Naing's questions to PTC Inc (PTC) leadership • Q1 2025

    Question

    Nay Soe Naing asked if the go-to-market changes were on schedule without disruption, and whether upcoming AI launches would extend beyond ServiceMax and Codebeamer.

    Answer

    CEO Neil Barua confirmed the go-to-market transformation is on track and that the annual guidance was set to account for any potential impacts. Regarding AI, he stated that while ServiceMax and Codebeamer are leading, AI initiatives are underway across the portfolio, including for Windchill and Onshape, with a focus on delivering practical value.

    Ask Fintool Equity Research AI

    Nay Soe Naing's questions to Synopsys Inc (SNPS) leadership

    Nay Soe Naing's questions to Synopsys Inc (SNPS) leadership • Q2 2025

    Question

    Nay Soe Naing from Berenberg questioned the change in Synopsys's full-year outlook for China, from growth to a decline. He also asked for color on the recurring revenue percentage, which was softer in Q2, and inquired about the company's current pricing power.

    Answer

    CEO Sassine Ghazi attributed the revised China outlook to the cumulative impact of macro headwinds and restrictions, emphasizing that the full-year guidance is reiterated due to strength in other regions. He noted pricing is based on value delivered. CFO Shelagh Glaser added that the recurring revenue percentage fluctuates based on business mix, particularly with strong upfront IP revenue, which grew 21% in the quarter.

    Ask Fintool Equity Research AI

    Nay Soe Naing's questions to Synopsys Inc (SNPS) leadership • Q2 2025

    Question

    Nay Soe Naing from Berenberg questioned the change in the full-year outlook for China revenue, from growth to decline, and asked about the softer recurring revenue percentage in Q2. He also inquired about the company's current pricing power.

    Answer

    CEO Sassine Ghazi attributed the revised China outlook to the cumulative impact of macro headwinds and restrictions, noting the full-year guidance is reiterated due to strength in other regions. CFO Shelagh Glaser explained that the recurring revenue mix fluctuates based on the timing of strong upfront IP revenue, which was up 21% in the quarter. Sassine Ghazi affirmed that pricing is consistently based on the value and impact delivered to customers.

    Ask Fintool Equity Research AI

    Nay Soe Naing's questions to Synopsys Inc (SNPS) leadership • Q1 2025

    Question

    Nay Soe Naing asked about the company's cost control, highlighting the low expense growth in Q1 compared to the higher growth guided for Q2, and requested an outlook for costs in the second half of the year.

    Answer

    CFO Shelagh Glaser explained that Q1 costs were lower than anticipated due to the timing of hiring and certain large expenses. She confirmed there is no change to the full-year expense plan. The guided step-up in Q2 costs is a normal structural change driven by the annual merit and performance-based compensation cycle.

    Ask Fintool Equity Research AI

    Nay Soe Naing's questions to Cadence Design Systems Inc (CDNS) leadership

    Nay Soe Naing's questions to Cadence Design Systems Inc (CDNS) leadership • Q1 2025

    Question

    Nay Soe Naing asked about the drivers behind the impressive growth in the System Design & Analysis (SDA) segment and whether its strong past performance creates difficult comparisons for the future.

    Answer

    CFO John Wall noted that Q1 2024 was an easy comparison and credited the strong Q1 2025 results to the BETA CAE acquisition and the significant pull-through business it generates for other Cadence products. CEO Anirudh Devgan added that BETA's established relationships, particularly in automotive, are increasing the market reach for Cadence's broader portfolio.

    Ask Fintool Equity Research AI