💨 Abstract

PTC, a software company offering product lifecycle management solutions, lowered its full-year revenue and adjusted earnings forecasts due to increased competition and concerns over President Trump's tariff policy. The company fears reduced demand from U.S. automakers exposed to tariffs. PTC now expects revenue between $2.43 and $2.53 billion, down from the previous forecast of $2.51 to $2.61 billion.

Courtesy: theprint.in

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