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PTC says look for growth in 2020

PTC issued an optimistic release for the fiscal first quarter of 2020. The company came through a rough 2019 with problems in its channel and problems converting customers to subscription at the expected rate. The company said it knew about the problem and that they’ve pulled the right levers to fix it.  They seem to be right. The company had ...

Robert Dow

PTC issued an optimistic release for the fiscal first quarter of 2020. The company came through a rough 2019 with problems in its channel and problems converting customers to subscription at the expected rate. The company said it knew about the problem and that they’ve pulled the right levers to fix it.  They seem to be right. The company had a solid last quarter for fiscal 2019 and to celebrate they bought CAD SaaS pioneers Onshape. For this latest quarter, PTC’s first quarter 2020 ending at the end of December 2019, revenue met analyst expectations, ARR grew, sales in Europe and
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