Full-Time
Product lifecycle management software and services
$85k - $100k/yr
No H1B Sponsorship
San Mateo, CA, USA
Hybrid
On-site 2-3 days per week in San Mateo, CA; hybrid work arrangement.
US Citizenship Required
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PTC provides product lifecycle management (PLM) software and related services for discrete manufacturers. It helps companies manage the full lifecycle of a product—from inception and engineering design to manufacturing, service, and disposal—using software licenses and subscriptions plus ongoing support. The product suite handles data and process management such as CAD data, BOMs, change control, collaboration, workflows, and analytics, often integrating with design tools to streamline development and manufacturing. The company differentiates itself by offering end-to-end lifecycle coverage for enterprise customers, backed by professional services and support, aimed at helping global manufacturers accelerate time-to-market and boost productivity. The goal is to enable digital transformation and more efficient product development and operations in manufacturing.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Boston, Massachusetts
Founded
1985
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Paid Vacation
Paid Sick Leave
401(k) Retirement Plan
401(k) Company Match
Tuition Reimbursement
PTC's shares have fallen 8.4% to $146.31 over six months, contrasting with the S&P 500's 10.9% gain, following softer quarterly results. The software company, which provides digital solutions for product design and development, shows mixed signals for investors. On the positive side, PTC demonstrates exceptional customer acquisition efficiency with a payback period of just 0.5 months. The company also maintains elite profitability with a 37.8% operating margin over the past year. However, PTC's annual recurring revenue growth averaged only 8.7% over the last four quarters, reaching $2.41 billion in Q2. This underwhelming performance suggests increasing competition may be challenging the company's ability to secure longer-term commitments.
PTC has launched Codebeamer 3.3, Codebeamer AI 1.2, and Pure Variants 7.3, enhancing its application lifecycle management portfolio. The updates address challenges engineering teams face when managing product variants and finding information. Codebeamer 3.3 introduces Delta Merge, which automatically applies approved changes across product variants, eliminating manual reapplication. It also adds role-based permissions for change approval control and deeper integration with PTC's Windchill PLM solution. Codebeamer AI 1.2 features an AI Search Assistant using semantic search to deliver more accurate results by understanding search intent. Pure Variants 7.3 includes Stream Transformation, which converts product variants into working sets that automatically update to reflect variant-specific features. The releases strengthen traceability and change management for automotive, medtech, federal, aerospace, and defence industries, helping manufacturers manage increasing product complexity whilst maintaining regulatory compliance.
PTC has launched Arena Connect, a new capability within its Arena product lifecycle management and quality management system. The tool helps manufacturers integrate business applications and automate workflows across their product ecosystem. Arena Connect features a visual workflow builder, a library of over 200 pre-built connectors, and workflow templates for systems including Jira, Microsoft Teams, and Slack. The platform enables automated data synchronisation between PLM, QMS, ERP, and other enterprise systems without requiring custom integrations. The release also introduces AI-powered product change summaries, automated bill of materials compliance checks, and enhanced Onshape-Arena connection features. PTC says the update supports its vision for the Intelligent Product Lifecycle, enabling manufacturers to build a product data foundation and accelerate AI-driven transformation. The company is headquartered in Boston and serves over 30,000 customers globally.
PTC reported second-quarter revenue of $600 million, missing analyst estimates of $608 million and marking a 6.8% year-on-year decline. The product design software company's adjusted earnings per share of $1.58 beat expectations by 1%. Despite the revenue miss, PTC provided encouraging forward guidance. The company expects third-quarter revenue of $660 million at the midpoint, 1.3% above analyst estimates. Management also raised its full-year adjusted EPS guidance to $8.15 at the midpoint, representing a 4.8% increase. Operating margin declined to 27.7% from 32.6% in the prior-year quarter. Annual recurring revenue reached $2.41 billion, slightly below the $2.46 billion analysts expected, whilst billings fell 8.2% year-on-year to $544 million.
PTC reported strong third-quarter fiscal 2026 results, exceeding guidance across key metrics. The software company achieved constant currency annual run rate growth of 9.1%, excluding divested businesses, surpassing the high end of its guidance range. Operating cash flow grew 7% and free cash flow increased 3%, both exceeding guidance. The company repurchased approximately $525 million of shares during the quarter, bringing fiscal year 2026 repurchases above target. PTC raised its full-year guidance for ARR, revenue, and earnings per share whilst reaffirming cash flow guidance. CEO Neil Barua attributed the performance to increased customer recognition of the company's Intelligent Product Lifecycle vision and growing interest in AI capabilities. The quarter's results reflected the company's strategic focus following the divestiture of its Kepware and ThingWorx businesses earlier in the fiscal year.