PTC Inc. (NASDAQ:PTC) Q2 2024 Earnings Call Transcript

I fundamentally believe that that is how important a construct of PLM is to our customers, because cycle times, new product introductions, quality, collaboration across the entire enterprise to deliver great products and customer experience, if you don’t do that, we’re seeing it across the board, you’re dead. And I believe our job is to show what others have already done at PTC using Windchill as well as ALM, CAD, as well as SLM, and make sure we show the business value. And so, if you just heard what’s happening internally, we’re working through that aggressively so that this conversation becomes an easier way in which the customers can see. Even if I’m in a stressed macro environment, I need this. Because many customers are already doing this, as you can see from the results, but there’s plenty more of what to chop for us.

And if the selling environment changes and we have a large pipeline, you guys do math better than me. Clearly, we have greater opportunity to execute around ARR growth that’s higher than what we put in terms of our aspirations, but I’m not assuming that until I see that change.

Joe Vruwink: Great. Thank you very much.

Operator: Ladies and gentlemen, this concludes our Q&A session. I would like to turn the call over back to Neil for closing remarks.

Neil Barua: Thank you, everyone, for joining us today. Here’s what’s ahead specific to investor conferences. May 14th, Kevin Wrenn, our CPO, will attend the Bank of America Industrials Conference in New York. May 20th, KT and I will be at the JPMorgan Conference in Boston. Early June, KT will attend the Baird Conference on the 4th and the Wolfe Conference on the 5th in New York City. On June 4th, I’ll attend the Stifel Conference in Boston. PTC will also join two virtual conferences this quarter, KT at the BMO Conference on June 11th, and Steve Dertien, our CTO, will attend the Rosenblatt Conference on June 12. On behalf of the entire PTC team, thank you again, and we look forward to engaging with you.

Kristian Talvitie: Thanks, everyone.

Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect.