PTC Q1 FY'14 Prepared Remarks

Consistent with our goal of enhancing value for our stakeholders by generating steady improvement in profitability, we continue to target non-GAAP operating margin of 28% to 30% by FY'17. We anticipate achieving our longer-term goals through a mix of measures including: (1) improving non-GAAP services gross margin toward our longer-term goal of 20%; (2) further expanding our services partner ecosystem; (3) enhancing sales force productivity and efficiency; (4) implementing solutions that require shorter sales cycles and less services; (5) continued vigilance on cost control; and (6) driving revenue growth across our existing markets while capitalizing on new opportunities, such as the trend toward smart, connected products and the Internet of Things.

Read Q1 Fiscal 2014 Prepared Remarks for more information.