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PTC is a global software company that specializes in providing digital solutions to transform the engineering, manufacturing, and servicing of physical products . The company primarily serves industries such as industrials, aerospace and defense, electronics and high tech, automotive, and medical technology and life sciences . PTC's product offerings are categorized into several key areas, including Computer-Aided Design (CAD), Product Lifecycle Management (PLM), Application Lifecycle Management (ALM), and Service Lifecycle Management (SLM) .
- Product Lifecycle Management (PLM) - Offers solutions for managing the entire lifecycle of a product from inception, through engineering design and manufacturing, to service and disposal, led by the Windchill product.
- Computer-Aided Design (CAD) - Provides tools for creating precise drawings and technical illustrations, driven by the Creo product.
- Application Lifecycle Management (ALM) - Delivers software solutions for managing the lifecycle of applications, ensuring quality and compliance.
- Service Lifecycle Management (SLM) - Focuses on optimizing the service and maintenance of products to enhance customer satisfaction and operational efficiency.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Neil Barua ExecutiveBoard | President and Chief Executive Officer | None | Neil Barua became CEO in February 2024 after serving as CEO-Elect and President of Service Lifecycle Management. He previously led ServiceMax and IPC Systems. | View Report → |
Aaron von Staats Executive | Executive Vice President, General Counsel, and Corporate Secretary | None | Aaron von Staats has been General Counsel since 2003, overseeing legal and corporate governance matters. | |
Kristian Talvitie Executive | Executive Vice President and CFO | None | Kristian Talvitie has been CFO since May 2019, overseeing PTC's financial strategy and operations. | |
Robert Dahdah Executive | Executive Vice President and CRO | None | Robert Dahdah joined PTC in December 2024 as CRO, responsible for global sales and customer success. He previously held leadership roles at Microsoft, Nuance, and ADP. | |
Amar Hanspal Board | Independent Director | None | Amar Hanspal has been an Independent Director since 2022. He is the CEO of AMBR Technologies and previously held leadership roles at Autodesk and Bright Machines. | |
Dr. Corinna Lathan Board | Independent Director | CEO of De Oro Devices, Board Member at Ekso Bionics Holdings, Inc. | Dr. Corinna Lathan has been an Independent Director since 2017. She is a leader in technology innovation and serves as CEO of De Oro Devices and a board member at Ekso Bionics. | |
Janice Chaffin Board | Lead Independent Director | Informatica Inc., Synopsys, Inc. | Janice Chaffin has been an Independent Director since 2013 and became Lead Independent Director in 2023. She previously held leadership roles at Symantec and HP. | |
Mark Benjamin Board | Independent Director | Fidelity National Information Services, Inc. | Mark Benjamin has been an Independent Director since 2021. He is also a board member at FIS Global and has extensive leadership experience in technology companies. | |
Michal Katz Board | Independent Director | None | Michal Katz has been an Independent Director since 2022. She is the Head of Investment and Corporate Banking, Americas at Mizuho Financial Group. | |
Paul Lacy Board | Independent Director | None | Paul Lacy has been an Independent Director since 2009. He previously held leadership roles at Kronos Incorporated, contributing to its growth as a software company. | |
Robert Bernshteyn Board | Independent Director | General Partner at ICONIQ Capital | Robert Bernshteyn joined PTC's board in September 2024. He is a General Partner at ICONIQ Capital and was previously CEO of Coupa Software. | |
Robert Schechter Board | Independent Director | None | Robert Schechter has been an Independent Director since 2009. He previously served on the boards of Mimecast Limited and Telaria, Inc. |
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Your fiscal '25 ARR growth guidance midpoint has decreased from double digits to single digits over the past 90 days; what specific factors have led to this reduced outlook?
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You've mentioned potential near-term disruptions due to the go-to-market realignment; can you elaborate on the challenges you anticipate and how you plan to mitigate them to avoid impacting sales performance?
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With macroeconomic uncertainties and possible budget impacts post-election, how confident are you in achieving your fiscal '25 targets, and what contingency plans are in place if market conditions worsen?
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Given that your R&D expenses are growing at approximately 11% CAGR while SG&A is growing at approximately 4%, how will this imbalance affect your ability to drive sales and marketing effectiveness in a challenging selling environment?
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As you shift to a vertically aligned go-to-market strategy focusing on five key industries, how are you ensuring that specialization doesn't lead to siloed operations and that cross-industry opportunities are not overlooked?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Competes in the enterprise CAD and PLM solutions market, addressing specific functional areas covered by the company's solutions. | |
Dassault Systèmes SA | Competes in the enterprise CAD and PLM solutions market, addressing specific functional areas covered by the company's solutions. |
Siemens AG | Competes in both the enterprise CAD and PLM solutions market and the ALM products market, addressing specific functional areas covered by the company's solutions. |
Competes in the ALM products market, addressing specific functional areas covered by the company's solutions. | |
Jama Software, Inc. | Competes in the ALM products market, addressing specific functional areas covered by the company's solutions. |
Competes in the SLM products market as an enterprise software company. | |
Competes in the SLM products market as an enterprise software company. | |
IFS AB | Competes in the SLM products market as an enterprise software company. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
pure-systems GmbH | 2023 | PTC acquired pure-systems GmbH for approximately $98 million in October 2023, financing the deal with EUR 85 million (~$90 million) in borrowings to boost its Codebeamer ALM solution with enhanced software configuration management capabilities, complementing its hardware configuration strengths with Windchill. |
ServiceMax, Inc. | 2023 | PTC acquired ServiceMax, Inc. on January 3, 2023 for a total purchase price of $1,448.2 million, payable in two installments and financed through a combination of revolving and term loans, to integrate cloud-native, product-centric field service management capabilities into its closed-loop PLM offerings. |
Intland Software GmbH & Eger Invest GmbH | 2022 | PTC completed the acquisition of Intland Software GmbH and Eger Invest GmbH on April 29, 2022 for approximately $280 million, funded with cash on hand and a $264 million credit facility draw, aiming to expand its Application Lifecycle Management (ALM) capabilities. |
Recent developments and announcements about PTC.
Earnings
New Earnings (Q1 2025)
·Feb 6, 2025, 5:06 AMView full earnings summary →PTC reaffirms 9–10% ARR growth for FY25, driven by new CRO Dahdah’s vertical realignment and AI-enhanced PLM solutions (Windchill/Codebeamer). Despite a sluggish macro and back-half-loaded ARR, early signs point to stronger momentum by Q4.
8-K Filings
8-K Filing
·Feb 19, 2025, 9:34 PMLeadership ChangesView full 8-K filing →PTC announced that Trac Pham has been appointed to the Board, effective March 17, 2025, and will serve on the Audit Committee. His compensation includes a prorated annual cash retainer of $60,000, annual RSUs (~$250,000), and a one-time RSU grant of $375,000.