PTC reveals $18 mln restructuring charge in FY ’19 with an eye on IIoT and AR

PTC IIoT

“With the growth opportunity in front of us in the Industrial Internet of Things and Augmented Reality, other strategic initiatives we’ve undertaken, and our continued commitment to operating margin improvement, we are realigning our workforce in the beginning of FY’19 to shift investment to support these strategic, high growth opportunities,” said the CEO.

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