Strong ARR and Free Cash Flow Growth
PTC achieved a 9.3% constant currency ARR growth and a 14% free cash flow growth year-over-year, reflecting strong performance amidst a dynamic macro environment.
Successful Product Releases and AI Integration
In Q3, PTC released advanced versions of its products such as Creo 12 with AI-driven generative design and Arena Supply Chain Intelligence, enhancing its portfolio in CAD, PLM, ALM, SLM, and SaaS.
Robust Share Repurchase Program
PTC continued to execute its $2 billion share repurchase program, repurchasing $75 million of its common stock in Q3.
Strategic Engagement with NVIDIA
PTC highlighted its strategic relationship with NVIDIA, focusing on the convergence between PTC solutions and physical AI, showcasing potential collaborative innovations.
Improvement in Go-To-Market Strategy
PTC reported early progress in its go-to-market transformation, with improved win rates, stronger collaboration, and increased engagement with senior decision-makers.