Strong ARR and Cash Flow Growth
PTC reported a 9.3% year-over-year growth in constant currency ARR and a 14% increase in free cash flow. The company also continued its share repurchase program, buying back $75 million worth of shares in Q3.
Successful Product and AI Development
PTC advanced its product data foundation strategy with enhancements in CAD, PLM, ALM, SLM, and SaaS, including the release of Creo 12 with AI-driven generative design. The company also strengthened its AI capabilities and partnerships, notably with NVIDIA.
Encouraging Go-to-Market Transformation
PTC is seeing improvements in pipeline creation and win rates with tenured reps, as well as stronger collaboration across sales, marketing, and customer success teams.