• The company is on track with its three strategic initiatives to accelerate growth, convert to a subscription model, and expand margins.
• In the process, the biggest gains are actually in cash flow, where the company is really doing well with near triple-digit growth.
• However, the expected acceleration in margin improvement and cash flow next year is necessary to support an already lofty valuation of the shares.

Source: PTC’s Transition Is Paying Off – PTC Inc. (NASDAQ:PTC) | Seeking Alpha