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PTC announces Q1 results for its fiscal 2022

PTC reported its first-quarter financial results for its fiscal 2022 and told investors all is going according to plan. At the end of 2021, PTC told investors it was putting its foot down on the accelerator to speed up its transition to the cloud. To do so, PTC CEO Jim Heppelmann told listeners on its Q4’21 investor call that the ...

Kathleen Maher

PTC reported its first-quarter financial results for its fiscal 2022 and told investors all is going according to plan. At the end of 2021, PTC told investors it was putting its foot down on the accelerator to speed up its transition to the cloud. To do so, PTC CEO Jim Heppelmann told listeners on its Q4’21 investor call that the company would be restructuring to save money and put it into building its SaaS initiatives for Arena and Onshape as well as Windchill. In addition, at the end of 2021 during its virtual Manufacturing Live Event, PTC unveiled its new
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