PTC Inc Q2 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Matthew George Hedberg - RBC Capital Markets, Research Division - Analyst : Jim, what really stands out to me, the past several quarters, you've noted several CAD and PLM replacements, which is really great to hear. I'm wondering, can you talk a little bit more about what's driving that? Is it really kind of your SaaS vision versus other, even though a lot of these displacements are on-prem at this point? But is it the customers see where you're taking the portfolio? And then how do you think about the pipeline for these displacements? Could they even accelerate as we move on?

Question: Gal Munda - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : I just had a question around the generative design and the exciting news that you basically announced a couple of years after you acquired Frustum. You launched it as part of Creo extension now. What I'm thinking about is how did these modules effectively increase your addressable market in terms of the pricing, maybe how you're thinking about what proportion of your customers are realistically potential customers of it? And do you think that there would ever be a cross-sell into competitive CAD environments as well? Or do you think that's more of a view into kind of potentially getting replacements Creo into, say, existing SolidWorks customers?