PTC Inc
PTC: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| d$w | LOCK|n&t | LOCK|<^yh!$< |
PTC Earnings: Resources From Divestiture Reinforce Ambition as System of Record
PTC's annual recurring revenue grew 9% in constant currency for the third quarter, topping its guidance. Organic ARR growth was strong across both product groups. CAD products' ARR was up 8% year over year, and PLM's ARR growth accelerated by 100 basis points sequentially to 10%.
