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PTC’s financial report for Q1 2021 is a cause for optimism

PTC was one of the busiest companies in the design and engineering segment through 2020, and that’s saying something after a year of shutdown and buildup. CEO Jim Heppelmann said, “Fiscal 2021 is off to a great start” and that’s a pretty good way to describe double-digit growth, strong cash flow, new customers, and new growth in partnerships with Microsoft, ...

Kathleen Maher

PTC was one of the busiest companies in the design and engineering segment through 2020, and that’s saying something after a year of shutdown and buildup. CEO Jim Heppelmann said, “Fiscal 2021 is off to a great start” and that’s a pretty good way to describe double-digit growth, strong cash flow, new customers, and new growth in partnerships with Microsoft, Rockwell, and Ansys.  PTC execs see the first quarter of PTCs fiscal 2021 as a positive harbinger of things to come. (Source: PTC company data)   For the quarter ending Dec. 31, PTC saw increased bookings, CEO Heppelmann said bookings
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