Is the macro-economic worst over? PTC CEO Neil Barua sees some improvement as the firm turns in a strong Q3

An upbeat Q3 for PTC as the ServiceMax parent reported a 24% year-on-year increase in revenue to $644 million, with CEO Neil Barua predicting that some of the macro-economic pressures of late may be easing off:

These results reflect continued resilience in a dynamic macro environment and also indicate the early progress of our go-to-market transformation and deepening strategic engagement with customers. In Q3, policy and trade uncertainty led some customers to slow or face deals. By quarter end, we began to see signs of stabilization as customers adapted to the environment. While it is too early to call a trend, our sense is that we are past the point of maximum disruption.

For its part, PTC’s own transformation is continuing apace, he added:

Our Q3 results also reflect steady progress with our go-to-market transformation. The team is continuing to build a more consistent operating rhythm, and we're ...