Quickie: PTC’s FQ3 suffers from weakness in Japan

Quickie: PTC’s FQ3 suffers from weakness in Japan

It’s tough to be PTC. Revenue ahead of expectations, license and subscription bookings not so much, “sales execution issues” in Japan … weak guidance for the company’s fiscal Q4 … stock gets hammered. A few of the details — much more...
PTC’s FQ1 shows strength across the board

PTC’s FQ1 shows strength across the board

PTC last night gave us our first glimpse into how 2016 ended for PLMish companies — and the news was solid. Demand for PTC’s CAD products was up and the company’s “land and expand” strategy in IoT seems to be working. Not so awesome: the...
Quickie: PTC’s FQ4 as expected — and a huge SLM deal

Quickie: PTC’s FQ4 as expected — and a huge SLM deal

You might recall that PTC pre-announced its fourth fiscal quarter earlier this month that set expectations for Q4 revenue rather low but raised the bar on future results. Today, the company filled in the details: Total revenue in FQ4 was down 8% from a year ago to...
PTC says Q4 revenue will be low because of … subs

PTC says Q4 revenue will be low because of … subs

PTC just announced preliminary results for Q4 of fiscal 2016 (ended last week) that show bookings will be well ahead of plan but revenue lower than expected. Blame math: more buyers chose subscriptions than perpetuals, which means revenue will be below expectations...
PTC’s FQ3 shows surprising demand for subs

PTC’s FQ3 shows surprising demand for subs

It’s big-boy PLMish earnings week and, so far, so good. PTC on Wednesday (and Dassault Systèmes on Thursday, blog post in the works) reported that demand remains solid. PTC customers’ appetite for subscriptions continues to surprise as it came in...
Quickie: PTC’s FQ3 is right where they said it would be

Quickie: PTC’s FQ3 is right where they said it would be

Sorry to interrupt your beach day, but it’s earnings season and PTC just reported that FQ3 GAAP revenue was $289 million, right in the middle of the target of $287 million to $292 million, and down 5% from a year ago. You’ll recall that PTC is (also,...
LiveWorx 2016 celebrates the physical+digital world

LiveWorx 2016 celebrates the physical+digital world

What happens when you mix a lot of old-time CAD super-users with new, edgy technology? Some cross mojonation* but also quite a bit of resistance. It’s interesting; people who are excellent at their jobs are the most resistant to change because it will make them...
PTC’s Q2 revenue misses but positions for the future

PTC’s Q2 revenue misses but positions for the future

It’s tough to be PTC right now. Most indicators are going in the right direction: subscriptions are ahead of expectations (though that means perpetual license revenue is below plan), IoT-related sales are growing as PTC sells both standalone IoT solutions and...