The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Matthew George Hedberg - RBC Capital Markets, Research Division - Analyst
: Congrats, Jim, 26 years, quite a run. Neil, I look forward to working with you more closely. And yes, I guess, Jim, we do get you for a few more
quarters, so that's good as well.
I had a question on Creo plus. Obviously, it just launched. Curious on some of the initial customer feedback. And really then, once you start to get
more data, do you suspect that we'll see similar upsell to what you're seeing with Windchill+, which I believe is somewhere in the neighborhood
of 2x uplift.
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JULY 26, 2023 / 9:00PM, PTC.OQ - Q3 2023 PTC Inc Earnings Call
Question: Nay Soe Naing - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Like everyone else, congrats to Jim and Neil for their upcoming roles. Start with a question on you mentioned that we're seeing the weakening
macro numbers in the global manufacturing PMIs. I was wondering if and when we -- you do start to feel the pressure from those decline in macros,
which aspects would you start to -- will you first feel the pressure? Would it be in new business? Or would it be when you renew contracts, customers
are committing to a lower level of contract values than what you would have expected them to? And then in terms of growth percentage points,
how much would be at risk if we start to see macro pressures in the performances?
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