Boston, Massachusetts – PTC Inc. (NASDAQ:PTC) recently held their Q2 2024 earnings conference call, shedding light on their financial performance and strategic priorities. The call featured key executives including Neil Barua, the Chief Executive Officer, and Kristian Talvitie, the Chief Financial Officer. During the call, the company discussed their forward-looking statements and non-GAAP financial measures, emphasizing their focus on driving growth and value for customers and shareholders.

Barua highlighted PTC’s solid results for the quarter, particularly in their PLM and CAD segments. He addressed the company’s mid-term targets, reaffirming their commitment to consistent growth in constant currency ARR in the low double digits. The executives emphasized their disciplined approach to managing internal spending and reallocating resources to areas of the business that create the greatest customer value.

The call also delved into the performance of their SaaS offerings, including Creo Plus and Windchill Plus. The company remains focused on enhancing these products to better serve customers and drive adoption. Barua underscored the importance of these platforms in the digital transformation journey of companies, showcasing the value they bring to customers.

Additionally, the discussion touched on the channel performance and the selling environment, noting the challenges posed by macroeconomic conditions. The company is working closely with its channel partners to drive growth and ensure alignment with the direct sales team. The executives expressed confidence in the channel’s ability to deliver results consistent with the direct sales team.

Looking ahead, PTC is optimistic about the future, with a strong pipeline of deals in PLM and other focus areas. While the pace of deal closures may be impacted by external factors, the company remains focused on delivering value to customers and positioning themselves for long-term success.

Overall, the conference call provided valuable insights into PTC’s financial performance, strategic priorities, and outlook for the future. As the company continues to navigate the evolving business landscape, they remain committed to driving growth, innovation, and customer satisfaction.