PTC Sees Some Go-To-Market Volatility; Makes Full Shift to Subscription; Shares at Fair Value
PTC’s first quarter of fiscal 2019 illustrated some growing pains associated with its wholesale business model transition to subscription. While PTC officially hit a significant milestone on Jan. 1, 2019 by only selling new software licenses globally on a subscription basis (excluding Kepware), it remains clear that the firm still needs to optimize its subscription business model. Notably, the firm saw $20 million of bookings (nine total deals) slip out of the first quarter with management candi...PTC is a software and services company. The company's products and services include: 3D Modeling, which enables users to create designs, analyze designs, perform engineering calculations and utilize the information created downstream using 2D, 3D, parametric and direct modeling; Lifecycle Management, which enables product data management, as well as communication and collaboration across the enterprise, including product development, manufacturing and the supply chain; Data Orchestration, which delivers tools, technologies, and solutions that enable companies to develop and deploy industrial IoT applications; and Experience Creation, which provides a way to capture, create, and deliver content.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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