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PTC sails through its fiscal Q2 ’20 with increased revenues and ARR

PTC reported revenues for the quarter ending March 28, 2020, and were optimistic, if guarded. The company’s revenues for PTC second fiscal quarter of 2020 were up 24% at $360 million compared to $356 million. Income was $7 million. PTC plans to be spending money developing its IoT/AR. PTC saw very little hit from adverse market conditions for its second ...

Kathleen Maher

PTC reported revenues for the quarter ending March 28, 2020, and were optimistic, if guarded. The company’s revenues for PTC second fiscal quarter of 2020 were up 24% at $360 million compared to $356 million. Income was $7 million. PTC plans to be spending money developing its IoT/AR. PTC saw very little hit from adverse market conditions for its second quarter of 2020. (Source: company info)   In spite of a slowdown in new license revenue during the latter part of the quarter, PTC is maintaining steady growth in its ARR. The company reported an 11% growth in ARR for
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