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.
You might also like
| 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. |
-
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?
-
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?
-
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?
-
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?
-
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?
Research analysts who have asked questions during PTC earnings calls.
Jason Celino
KeyBanc Capital Markets
4 questions for PTC
Jay Vleeschhouwer
Griffin Securities, Inc.
4 questions for PTC
Saket Kalia
Barclays Capital
4 questions for PTC
Adam Borg
Stifel Financial Corp.
3 questions for PTC
Joshua Tilton
Wolfe Research
3 questions for PTC
Nay Soe Naing
Berenberg Capital Markets LLC
3 questions for PTC
Tyler Radke
Citigroup Inc.
3 questions for PTC
Andrew Obin
Bank of America
2 questions for PTC
Daniel Jester
BMO Capital Markets
2 questions for PTC
Hoi-Fung Wong
Oppenheimer & Co. Inc.
2 questions for PTC
Ken Wong
Oppenheimer & Co. Inc.
2 questions for PTC
Sitikantha Panigrahi
Mizuho
2 questions for PTC
Blair Abernethy
Rosenblatt Securities Inc.
1 question for PTC
Clarke Jeffries
Piper Sandler & Co.
1 question for PTC
C. Stephen Tusa
JPMorgan Chase & Co.
1 question for PTC
Joe Vruwink
Baird
1 question for PTC
Joseph Vruwink
Baird
1 question for PTC
Matt Hedberg
RBC Capital Markets
1 question for PTC
Siti Panigrahi
Mizuho Securities
1 question for PTC
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 press releases and 8-K filings for PTC.
- Kreate has acquired Precision Thermoplastic Components (PTC) in Lima, Ohio, adding 115,000 square feet of manufacturing space to its domestic footprint.
- The Lima facility features heavy industrial infrastructure—overhead cranes, material silos, high-capacity water systems—and can accommodate up to 24 new high-speed production lines.
- The acquisition broadens Kreate’s customer base, diversifies revenue streams, and secures exclusive rights to proprietary products, advancing its U.S.-based manufacturing strategy.
- Following the deal, Kreate operates over 2.1 million square feet of manufacturing, distribution, and engineering space across the United States.
- PTC delivered net new ARR near the high end of its Q1 guidance and has raised the low end of its Q4 net new ARR range, removing the prior downside scenario as macro risks stabilized.
- The company has completed its core-vertical go-to-market realignment, including account reshuffling and territory optimization, with ongoing enhancements in messaging and pipeline hygiene being rolled out.
- PTC’s first Agentic AI product—ServiceMax AI—went GA last quarter, and Windchill and CodeBeamer AI agents are expected to reach GA around the turn of the calendar year.
- In capital allocation, PTC aims to operate at net debt, maintain minimal cash balances, and return excess cash to shareholders primarily through share repurchases.
- ARR guidance was revised from a range of 10% to a new forecast of 7%-9% amid customer cautions and economic uncertainty, though underlying pipeline demand remains strong.
- A go-to-market transformation is underway with a shift toward vertical-focused sales across key sectors and a one-time $20M restructuring cost, with no material disruption observed in pipeline creation.
- The company announced its AI initiatives, with ServiceMax AI now generally available and plans to extend similar capabilities to Codebeamer and Windchill by year-end.
- Capital allocation updates include revised free cash flow guidance of $840-$850M, deleveraging efforts through bond repayment and share buybacks, and an acquisitive move via the IncQuery Group deal to enhance ALM capabilities.
- Reported 10% constant currency ARR growth to $2,290M, 13% free cash flow growth, and 12% operating cash flow increase vs Q2 2024 .
- Revised guidance amid global trade concerns with next outlook of 7%-9% ARR and updated FY25 projections anticipating ~9.5% constant currency ARR growth and $840M–$850M free cash flow .
- Enhanced its balance sheet by retiring a $500M senior note to reach a 1.5x Debt/EBITDA ratio and executing a $2B share repurchase program—with $75M repurchased in Q2 and about $300M planned for FY25 .
- Advanced generative AI product initiatives across PLM, ALM, SLM, CAD, and SaaS, coupled with a strategic acquisition to boost ALM & PLM integrations .
- Exceeded guidance across all metrics and updated its outlook to support AI-driven and verticalized growth strategies amid macroeconomic uncertainty .
- PTC announced the acquisition of IncQuery Group to enhance its expertise in ALM, systems engineering, and product lifecycle management, strengthening its support for global manufacturers.
- The acquisition is part of PTC's strategy to accelerate its ALM and PLM portfolio integrations, aiming to improve collaboration and digital transformation in product development.
- The move reinforces PTC's commitment to providing advanced engineering and product development solutions to its extensive global customer base.