This Software Stock Could Be the Best Investment of the Decade
Summary
In the words of CEO Neil Barua on a recent earnings call, PTCs customers have said they need: "to shorten our development timelines as quickly as possible with the highest quality to remain competitive. Its fair to say that the last couple of years have negatively affected PTCs growth as manufacturers have scaled back investment plans due to a slowing economy. To that end, the company recently appointed Microsofts former vice president for global healthcare and life sciences, Robert Dahdah, to be its chief revenue officer. According to the press release announcing the appointment, Dahdah will be responsible for sales and customer success for PTCs Digital Thread group and its new focused market strategy. And PTCs refocusing on core end markets and the prospects of a pick-up in industrial spending amid lower interest rates are potential benefits, meaning it looks set to grow significantly in the medium and long term.