PTC recently announced financial results for the first quarter of its fiscal year 2016, which ended January 2nd.

CEO Jim Heppelmann described the quarter’s financial performance as “solid,” in spite of a GAAP net loss of $25.5 million. This loss was partly related to a restructuring charge of $37 million.

Heppelmann said that the quarter reflected continued momentum in PTC’s subscription program and IoT business. He added that 80 percent of the quarter’s software revenue was recurring, meaning not related to one-time license deals.

License and subscription bookings during the quarter totalled $69 million, which was at the high end of PTC’s guidance. Total revenue for the quarter ended at $291 million, down from the $325 million reported for the same period last year.

Highlights during the quarter included the acquisition of augmented reality solution developer Vuforia and industrial automation connectivity provider Kepware. These acquisitions are part of PTC’s strategy to deliver an end-to-end solution for the design and management of IoT products.

For an interesting take on PTC’s IoT strategy, check out this article.

Cloud PLM vendor Arena Solutions also released its financials for the last quarter.

According to the company, Q4 2015 proved to be a record quarter, with the highest bookings and the largest average deal size in the company’s history. During the quarter, bookings increased by nearly 30 percent compared to the same period the previous year. The average deal size grew 22 percent over the same period.

Arena attributes these results to a number of large enterprise deals, driven by the release of the cloud-based business intelligence solution Arena Analytics. In addition, Arena recorded a 17 percent increase in new customer subscriptions as well as record bookings for its professional services.

It should be noted that Arena is a privately held company, and therefore is not compelled to release financial information to the public. This makes it difficult to verify statements related to its financials.

Earlier this week, PLM developer Dassault Systemès announced that it has signed a deal with Turkish retailer Boyner Group for the implementation and use of DS’s industry solution “My Collection”.

Boyner Group plans to use the solution to streamline the design and development of its fashion retail collections.

Boyner Group represents eight companies, 28 brands and 500 stores serving 15 million customers in Turkey and select international markets. The company has around 5,000 employees. 

My Collection is one of Dassault Systèmes industry solutions that runs on the company’s 3DEXPERIENCE PLM platform. It improves product visibility and provides fashion retailers with a single platform for collaboration internally and with suppliers.

According to a market study released by London-based analyst Technavio, investments in PLM related to the automotive sector are expected to increase by 9 percent every year (CAGR) from 2016 to 2020.

According to the report, the automotive industry is being driven by increased demand for highly efficient vehicles. The report also cites other factors including increased demand for fuel efficiency due to rising fuel prices, a need to conform to environmental regulations, increased demand for small vehicles and increased demand for electronics and embedded software content in vehicles related to the IoT revolution.

Technavio says that simulation-related products such as CFD and FEA will have the fastest growth rates, followed by EDA (Electrical CAD) and the market leader cPDM (collaborative product management solutions like Teamcenter and Windchill.)

The report predicts that the cPDM segment will exceed $5 billion by 2020, with a compound annual growth rate of 10 percent, while the CAD market will increase by over 600 million by 2020 growing at a CAGR of 5 percent.

The full report is behind a paywall, but you can request a sample on this page.