PTC's Q2 earnings met guidance and CEO Neil Barua announced low double-digit growth, potentially offering an investment opportunity.
Industrial software company PTC's stock dipped recently, but its Q2 earnings provided confidence in meeting its full-year guidance. Despite initial negative reactions, CEO Neil Barua's announcement of low double-digit growth over the medium term might be an opportunity for investors to buy into the promising company. PTC's ARR, or annualized value of its software contracts, previously had a mid-teens growth target.
May 11, 2024
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