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Stock impact report

PTC Announces Fiscal Second Quarter 2020 Results

PTC Inc. (PTC) 
Last ptc inc. earnings: 4/29 04:01 pm Check Earnings Report
US:NYSE Investor Relations: investor.ptc.com
Company Research Source: Business Wire
Solid Q2’20 ARR, Revenue, Operating Margin and EPS Performance; Revises FY’20 Outlook BOSTON--(BUSINESS WIRE)--PTC (NASDAQ: PTC) today reported financial results for its fiscal second quarter ended March 28, 2020.“Our performance in the second quarter was solid, with ARR growing 11% on a constant currency basis despite the increasingly challenging macro environment towards the end of the quarter. Revenue, operating margin and EPS results exceeded our expectations, reflecting the strength of our recurring revenue model. Given the durable nature of our business, we remain committed to delivering solid results for the remainder of FY’20 while navigating the current backdrop of macroeconomic uncertainty,” said James Heppelmann, President and CEO, PTC.“We continue to work closely with our customers to address the ever-changing demands this crisis is having on their businesses. We are providing white-glove support to our many medical device and health-tech customers to ramp up production Show less Read more
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