PTC reports decent FQ2, still tough out there

PTC reports decent FQ2, still tough out there

PTC just reported results for its fiscal second quarter (ended March 31) that show the company performed more or less as it predicted. But the rest of fiscal 2013 (through September) is going to be tough and so PTC moderated its revenue forecast for the next six...
CAE competence management: are we ready?

CAE competence management: are we ready?

There’s an apocryphal story in CAE: A number of years ago, an auto company decided to see how consistently CAE was applied across its organization. Management asked a number of individual analysts to solve the same problem using the same code. Lo and behold,...
PTC reports decent FQ2, still tough out there

PTC reports lackluster FQ1, focuses on portfolio

As you undoubtedly know by now, PTC recently announced results for its fiscal first quarter. In a nutshell, FQ1 2013 non-GAAP revenue was $321 million, flat year over year but up 2% on a constant currency basis. License revenue was $79 million, down 11%; excluding...
PTC reports decent FQ2, still tough out there

PTC, DS results highlight strategic differences

Earnings news from engineering IT companies has been a mixed bag of late: misses and downgrades of expectations for the remainder of 2012 but also some stronger-than-expected results. Why did each company report as it did and what can we learn about the demand for...
PTC reports decent FQ2, still tough out there

Quickies: PTC & FARO disappoint, AspenTech upbeat

A huge day in engineering IT earnings, as PTC and FARO explain their miss to investors while AspenTech and Trimble issue earnings reports. A very quick headline on each and then I dash to the airport — more to come. PTC reported last night that revenue for its...
PTC reports decent FQ2, still tough out there

PTC bolsters SLM offering with Servigistics

PTC today announced that it will acquire Servigistics for $220 million in cash to further fill out its offering for the very long services tail of a product’s life — an area where manufacturers are increasingly looking for revenue opportunities....
PTC reports decent FQ2, still tough out there

PTC: refreshing candor, good results

At the end of the March earnings call, we were left with a couple of questions about PTC. First, can the company improve its sales methodology — forecasting through closing — so that the missed opportunities that bedeviled last quarter don’t...
PTC reports decent FQ2, still tough out there

Q1 recap/Q2 preview: What we’ll be looking for

As we prepare ourselves for the onslaught of Q2 earnings reports, it’s helpful to look back at Q1 to see patterns that (perhaps) foreshadow future results and identify areas that were causes for concern last quarter. To help with this analysis, we’ve...