PTC invests in ServiceMax to expand ops, R&D

PTC invests in ServiceMax to expand ops, R&D

PTC is putting more of its money into building a thriving Service Lifecycle Management business, taking part in an $82 million Series-F round of funding for ServiceMax. ServiceMax, which makes cloud-based field service management apps, has now raised a total of $202...
PTC’s FQ1 conference call was a masterpiece

PTC’s FQ1 conference call was a masterpiece

PTC’s fiscal first quarter wasn’t perfect and it wasn’t a disaster — but the company’s handling of its conference call with analysts was truly masterful. As teenagers, we all learned that if we didn’t want to tell our parents something, we needed to direct the...
PTC paints a mixed picture for FQ1

PTC paints a mixed picture for FQ1

It wasn’t the best possible Q1 but it could have been a lot worse. PTC reported that total revenue was basically flat with last year at $325 million, as it encourages customers to switch to subscriptions and copes with a discouraging manufacturing economy. On a...
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