PTC Inc is a leading technology company that specializes in providing software solutions for product design, development, and lifecycle management
It focuses on helping businesses in various industries innovate and improve their product performance through advanced technologies such as augmented reality, Internet of Things (IoT), and computer-aided design (CAD). PTC's platform enhances collaboration and efficiency in engineering and manufacturing processes by enabling organizations to connect their physical and digital worlds, ultimately driving better decision-making and faster time-to-market for products.
Let's have a look at what is happening on the US markets in the middle of the day on Thursday. Below you can find the top S&P500 gainers and losers in today's session.
Engineering and design software provider PTC (NASDAQPTC) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 2.7% year on year to $565.1 million. On the other hand, next quarter’s revenue guidance of $605 million was less impressive, coming in 5.8% below analysts’ estimates. Its GAAP profit of $0.68 per share was 26.6% above analysts’ consensus estimates.
Let’s dig into the relative performance of Veeva Systems (NYSEVEEV) and its peers as we unravel the now-completed Q3 vertical software earnings season.
PTC trades at $199 per share and has stayed right on track with the overall market, gaining 15.2% over the last six months. At the same time, the S&P 500 has returned 10.6%.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how design software stocks fared in Q3, starting with Autodesk (NASDAQADSK).
