Reported 3 months ago
PTC, an industrial software maker, has forecast its fourth-quarter revenue and profit to surpass Wall Street estimates, projecting revenue between $598 million and $648 million. However, the company reported a 4% decline in Q3 revenue to $519 million, missing expectations due to cautious enterprise spending amid high interest rates. PTC anticipates that potential rate cuts by the U.S. Federal Reserve could enhance business demand moving forward.
Source: YAHOO