$PTC (PTC Inc.)

$PTC {{ '2016-06-07T15:38:56+0000' | timeago}} • Announcement

Technology solutions company $PTC said it has launched Vuforia Studio Enterprise, a new tool for authoring and publishing augmented reality experiences. Vuforia Studio Enterprise is integrated with the Creo 3D CAD visualization and illustration software and ThingWorx IoT platform to add an augmented reality component to connected things.

$PTC {{ '2017-09-07T14:57:04+0000' | timeago}} • Announcement

$PTC shifts its global headquarters to Boston Seaport District. Since its inception in 1985, the company's headquarters have been in the greater Boston area.

$PTC {{ '2017-08-17T13:46:02+0000' | timeago}} • Announcement

$PTC appointed of Dr. Corinna Lathan to its BoD, effective August 15, 2017. Ms. Lathan will also serve as a member of the Audit Committee of $PTC's BoD.

$PTC {{ '2017-07-12T11:58:59+0000' | timeago}} • Announcement

$PTC, a provider of IoT technology, and $TECHM have launched an Industrial Internet of Things Center of Excellence at Tech Mahindra's headquarters in Bangalore, India. Tech Mahindra is outfitting the facility with offerings from the PTC technology portfolio. The facility showcases technology that businesses can utilize for digital transformation.

$PTC {{ '2017-02-02T15:37:07+0000' | timeago}} • Announcement

$PTC appointed Craig Hayman to a newly created role of COO, effective immediately. Hayman has served as group president of the Solutions Group since late 2015. Also, $PTC announced the planned departure of Rob Gremley as group president of the Technology Platform Group. Gremley will remain in an advisory role during a transition period.

$PTC {{ '2017-01-31T17:20:48+0000' | timeago}} • Announcement

$PTC said the United States Air Force (USAF) has selected the PTC Service Parts Management (SPM) SaaS solution to deliver integrated supply chain planning and enhance weapon systems support at Air Force Sustainment Center (AFSC) locations around the globe. PTC SPM SaaS is part of the Servigistics suite of Service Lifecycle Management solutions.

$PTC {{ '2017-01-18T23:03:35+0000' | timeago}} • Webcast

$PTC intends to resume share repurchases in 2H17 when cash and its borrowing capacity begin to return to more normal levels after passing through the subscription trough.

$PTC {{ '2017-01-18T23:01:06+0000' | timeago}} • Webcast

For FY17, $PTC expects that currency will negatively impact bookings by approx. $12MM and total revenue by approx. $32MM. Bookings are expected to be $400-420MM. FY17 guidance includes about a $0.05 benefit from a lower tax rate and from a one-time gain of $3.5MM from an investment made in a private company that was acquired by $PTC in Jan. 2017.

$PTC {{ '2017-01-18T22:34:49+0000' | timeago}} • Webcast

$PTC said that bookings of $90MM were $10MM or 13% above the high end of 1Q17 outlook range provided in last Oct. 1Q17 was the fourth consecutive quarter where the company exceeded its booking growth targets. $PTC estimates that FX changes will negatively impact revenue by $32MM for FY17.

$PTC {{ '2017-01-18T21:59:21+0000' | timeago}} • Announcement

$PTC completed the workforce realignment actions at the end of 2016. The company incurred total restructuring charges of approx. $83MM, which was above the high end of its estimate of $75-80MM. Earlier in Oct. 2016, $PTC increased the scope of workforce realignment, which was announced in Oct. 2015.

$PTC {{ '2017-01-18T21:47:20+0000' | timeago}} • Announcement

For FY17, $PTC expects revenue to be $1.165-1.180Bil, GAAP EPS to be $0.06-0.09 and non-GAAP EPS to be $1.20-1.30. For 2Q17, the company expects revenue to be $280-285MM, GAAP EPS to be $0.01-0.04 and non-GAAP EPS to be $0.26-0.31.

$PTC {{ '2017-01-18T21:35:56+0000' | timeago}} • Announcement

Software and services provider $PTC narrowed its loss in 1Q17, helped by higher subscription bookings and lower expenses compared to the year earlier. GAAP net loss was $9.14MM or $0.08 per diluted share vs. GAAP net loss of $23.9MM or $0.21 per diluted share in 1Q16. Revenue slipped to $286MM from $291MM in the prior year quarter. Non-GAAP EPS was $0.26.

$PTC {{ '2016-08-16T12:34:44+0000' | timeago}} • Announcement

$PTC said it appointed Andrew Timm as its Chief Technology Officer (CTO). In this role, Timm will drive the company's technology innovation, alignment, and governance processes.

$PTC {{ '2016-06-07T15:38:56+0000' | timeago}} • Announcement

Technology solutions company $PTC said it has launched Vuforia Studio Enterprise, a new tool for authoring and publishing augmented reality experiences. Vuforia Studio Enterprise is integrated with the Creo 3D CAD visualization and illustration software and ThingWorx IoT platform to add an augmented reality component to connected things.

$PTC {{ '2016-06-06T13:45:21+0000' | timeago}} • Announcement

Technology company $PTC said its Medical Device Industry Value-Ready Deployment (VRD) offering is now available. This is a set of pre-configured best practices to help medical device companies build in product and process quality using the PTC Windchill product lifecycle management (PLM) solution.

$PTC {{ '2016-05-04T23:39:42+0000' | timeago}} • Announcement

Technology company $PTC said it has set the price for the public offering of $500MM aggregate principal amount of its 6% Senior Notes due 2024. $PTC intends to use the net proceeds of this offering to repay a portion of the amounts outstanding under its bank credit facility. The offering is expected to close on May 12, 2016, subject to conditions.

$PTC {{ '2016-05-02T13:17:00+0000' | timeago}} • Announcement

Provider of technology platforms and solutions $PTC said that it has commenced an offering of $500MM aggregate principal amount of its senior notes due 2024. The company intends to use the net proceeds of this offering, after the payment of fees and expenses, to repay a portion of the amounts outstanding under its bank credit facility.

$PTC {{ '2016-03-29T19:30:45+0000' | timeago}} • Announcement

$PTC announced its sponsorship of MassChallenge. $PTC will closely partner with the flagship MassChallenge Boston program and the recently launched MassChallenge Israel program in a high-value engagement that will enhance the opportunities available to innovative technology startups.

$MKTO {{ '2016-02-25T10:05:13+0000' | timeago}} • Announcement

Technology platforms and solutions provider $PTC said it has appointed Phil Fernandez, Chairman and CEO of $MKTO, as an independent director to its Board effective March 2, 2016. The addition of Fernandez will expand $PTC's Board to 8 members.

$PTC {{ '2016-01-12T23:01:55+0000' | timeago}} • Announcement

$PTC said that it has completed its acquisition of Kepware, a software development company that provides communications connectivity to industrial automation environments. The acquisition enhances $PTC's portfolio of IoT technology, and accelerates the company's entry into the factory setting and Industrial IoT.

$PTC {{ '2015-12-23T13:33:13+0000' | timeago}} • Announcement

$PTC said that it has agreed to acquire Kepware, a software development firm, for approx. $100MM, plus bonus of $18MM post success of its strategic initiatives. $PTC to fund this deal through credit facility & expects non-GAAP earnings to be neutral in FY16. The deal is expected to close in early 2016, subject to customary closing conditions.

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