PTC: What Its New Go-To-Market Playbook Signals for the Future of PLM!

PTC has demonstrated both strategic realignment and solid operational performance in its latest financial results. Positively, the company announced a definitive agreement for TPG to acquire its Kepware and ThingWorx businesses. This divestiture aligns with PTC’s strategic focus on its Intelligent Product Lifecycle vision, emphasizing areas such as CAD, PLM, ALM, and SLM, with increasing attention towards SaaS and AI. These areas are seen as central to PTC’s value proposition, and the divestiture allows for a concentrated allocation of resources. In fiscal 2025, PTC reported notable metrics, with an 8.5% constant currency ARR growth and a 16% year-over-year increase in free cash flow. This growth was partially driven by successful execution in large strategic agreements across various verticals, including substantial wins with products like Codebeamer and Onshape, and expanding multi-product adoption by customers.