PTC Inc

PTC: XNAS (USA)
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PTC Earnings: Resources From Divestiture Reinforce Ambition as System of Record

PTC's annual recurring revenue grew 9% in constant currency for the third quarter, topping its guidance. Organic ARR growth was strong across both product groups. CAD products' ARR was up 8% year over year, and PLM's ARR growth accelerated by 100 basis points sequentially to 10%.

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