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PTC holding the course and sticking to its story

PTC says it is happy with the way its current strategy is going. The company is transitioning its customer base to subscription, which will smooth out the company’s revenues and it is building new business in IoT. The company hopes to see a synergistic effect between its IoT business, its IoT tools, its PLM products, and its service products. It’s ...

Kathleen Maher

PTC says it is happy with the way its current strategy is going. The company is transitioning its customer base to subscription, which will smooth out the company’s revenues and it is building new business in IoT. The company hopes to see a synergistic effect between its IoT business, its IoT tools, its PLM products, and its service products. It’s an idea long on ambition and full of pitfalls, but it has its charms. In the company’s financial call, PTC CEO Jim Heppelmann said he is happy about the pace of transition for subscription. Truly, this is going well, and
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