Trac Pham
On March 9, 2025, Trac Pham was appointed to the Board of Directors of PTC Inc., effective as of March 17, 2025.
Highest-materiality recent filing
PTC beats Q2 FY2026 guidance; constant currency ARR up 8.5%; new $2B buyback
Q2 revenue $774M vs guidance $685-745M; GAAP EPS $4.98 vs $4.09-4.74; non-GAAP EPS $2.69 vs $1.87-2.47.
PTC completes Kepware/ThingWorx sale to TPG for $523M, updates guidance, announces $375M ASR
Closed divestiture of Kepware and ThingWorx to TPG; received $523M cash, net after-tax proceeds ~$375M.
All eight director nominees elected; highest votes for Trac Pham (105.7M for) and James Lico (105.4M for).
PTC Q1'26: CC ARR up 8.4%, revenue $686M (+21% YoY), non-GAAP EPS $1.92
Constant currency ARR up 8.4% YoY; 9.0% excluding Kepware and ThingWorx.
Jennifer DiRico named EVP, CFO effective Jan 1, 2026; comes from Commvault and Toast finance roles.
PTC Q4 revenue $894M (+43% YoY), ARR growth 8.5% cc; divests Kepware and ThingWorx; FY26 guidance
Q4 revenue $894M (+43% YoY), non-GAAP EPS $3.47 vs $1.54; operating cash flow $104M (+6%).
PTC sells ThingWorx & Kepware to TPG affiliate for $600M cash plus up to $125M contingent
$600M base cash purchase price at closing, subject to working capital and other adjustments; up to $125M additional contingent consideration.
PTC appoints James Lico to Board; former Fortive CEO also joins Governance Committee
James Lico appointed to PTC Board of Directors effective Oct 13, 2025; also appointed to Corporate Governance Committee.
PTC beats Q3 guidance; raises FY25 outlook on ARR, FCF, revenue, EPS
Constant currency ARR grew 9.3% YoY to $2,372M, at high end of 8.5%-9.5% guidance.
Constant currency ARR grew 10% YoY; operating cash flow up 12%, free cash flow up 13%.
PTC appoints Trac Pham to Board of Directors, effective March 17, 2025
Trac Pham appointed to PTC Board and Audit Committee, effective March 17, 2025.
PTC shareholders elect all eight directors at Feb 12 annual meeting
Directors elected with 86-95% of votes cast; Barua, Benjamin, Bernshteyn, Chaffin, Hanspal, Katz, Lacy, Lathan.
PTC Q1 FY2025: ARR grows 11% constant currency, cash flow up >25%
Q1 FY2025 constant currency ARR growth of 11% YoY, in-line with guidance.
PTC director Janesh Moorjani resigns from board effective Nov 29, 2024
Janesh Moorjani resigned from PTC's board on Nov 25, 2024; effective Nov 29, 2024.
ARR grew low double-digits YoY; cash flow from operations grew >20% in FY2024.
PTC amends credit agreement; springing maturity condition tied to $600M liquidity threshold
Amendment No. 1 to Credit Agreement executed Oct 1, 2024, modifying Springing Maturity Date definition.
PTC appoints CEO Neil Barua as President; COO Michael DiTullio to depart Sept 30
Neil Barua, existing CEO, added President role effective Oct 1, 2024.
PTC appoints Robert Bernshteyn to Board of Directors effective Sept 9, 2024
Bernshteyn, former CEO & Chair of Coupa Software (2009-2023) and current GP at ICONIQ Capital, joins PTC board.
Q3 FY2024 ARR grew low double-digits YoY; cash flow growth exceeded 20%.
PTC President & COO DiTullio to step down, become strategic advisor through June 2025
Michael DiTullio's last day as President/COO is Sept 30, 2024; then advisory role Oct 1, 2024 to June 30, 2025.
PTC updates mid-term ARR target to low double-digit growth, reaffirms cash flow targets
CEO Neil Barua reports consistent ARR and free cash flow growth in Q2 fiscal 2024.
PTC appoints Neil Barua as CEO succeeding James Heppelmann; Alice Christenson named CAO
Neil Barua appointed CEO effective Feb 14, 2024, succeeding James Heppelmann as part of board's succession plan.
PTC reports Q1 fiscal 2024 results; press release truncated, no financial details provided
PTC announced Q1 FY2024 results for period ended Dec 31, 2023 via 8-K filed Jan 31, 2024.
On March 9, 2025, Trac Pham was appointed to the Board of Directors of PTC Inc., effective as of March 17, 2025.
On November 25, 2024, Janesh Moorjani resigned from the Board of Directors of PTC Inc.
appointed Neil Barua, the Company’s existing Chief Executive Officer, to the dual positions of President and Chief Executive Officer of the Company effective as of October 1, 2024.
This appointment takes effect following the conclusion of Michael DiTullio’s tenure as President and Chief Operating Officer of the Company on September 30, 2024.
On August 27, 2024, Robert Bernshteyn was appointed to the Board of Directors of PTC Inc., effective as of September 9, 2024.
On July 14, 2024, it was agreed that Michael DiTullio, who has served as President and Chief Operating Officer of PTC since February 2023, will, in culmination of the successful CEO succession process, transition from that role to that of strategic advisor to the Chief Executive Officer, with his last day of service as President and Chief Operating Officer being September 30, 2024.
On February 14, 2024, the Board of Directors of PTC Inc. (“PTC” or the “Company”) appointed Neil Barua, the Company’s CEO-Elect, Chief Executive Officer of the Company.
On February 14, 2024, Alice Christenson, Corporate Vice President, Finance, age 59, was appointed Chief Accounting Officer (principal accounting officer) of the Company.
Mr. Barua succeeds James Heppelmann who, as part of the Board of Directors’ CEO succession plan, stepped down from his role as Chief Executive Officer on such date.
Max materiality 0.85 · Median 0.60 · Most common event earnings