ROK - PTC Hitting Its Marks As It Transitions To An Industrial Digitalization/Automation Growth Story
CAD and PLM software specialist PTC (PTC) picked an interesting time to convert to a growth company, as weak PMIs across the globe don’t really bode well for sales to industrial and auto companies. Even so, the company has been rebuilding credibility with some solid quarters, and I remain bullish on the potential in leveraging IoT partnerships with Microsoft (MSFT) and Rockwell (ROK), as well as leveraging growing interest in IoT and augmented reality (or AR) as invaluable tools within a range of end-markets.
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