TMCnet News
PTC Continues Competitive Momentum with New and Expanded Creo CustomersPTC (NASDAQ: PTC) today announced numerous companies have selected and continued to expand their use of the Creo® suite of computer-aided design (CAD) software instead of competitive solutions. To improve their product design and innovation processes, organizations large and small rely on PTC's CAD software for its ease of use, simplicity, and reliability. Creo helps these and other companies more easily close the gap between the physical and digital worlds by capitalizing on new capabilities and technologies like augmented reality (AR), Internet of Things (IoT), topology optimization, computational fluid dynamics, and more. CAD data is the foundation for the digital twin, a digital record of each product's designed, manufactured, service, and real-world state. Comprised of the digital definition of the product and the physical experience of the asset in the field, this new technology enables manufacturers to envision new products that better meet customer needs, as well as develop business models to better market and sell the product to customers. For the past two fiscal years, and for the first half of fiscal year 2018, PTC's CAD bookings grew double-digits, far outpacing market growth. This continued momentum is exemplified by the following sampling of organizations that recently switched to or expanded their usage of the PTC Creo suite:
To learn more about the Creo suite of offerings and other ways PTC's CAD software can help your organization, please visit: http://www.ptc.com/en/cad. Additional Resources
About PTC (NASDAQ: PTC)
About our Bookings Measure and Forward-Looking Statements The announcement of a customer's selection of PTC products is not necessarily indicative of the timing of recognition of related revenue or the level of revenue for any particular period. PTC, Creo, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries. View source version on businesswire.com: https://www.businesswire.com/news/home/20180517006190/en/ |