Nov 5 (Reuters) - Industrial software maker PTC

beat fourth-quarter revenue estimates on Wednesday, driven by

resilient demand for its core industrial software and early

traction from new AI-powered tools.

Companies seeking to prioritize digital transformation and

adopt AI into their workflows have turned to PTC's software for

designing, manufacturing and maintaining their products.

PTC, whose software is used across the aerospace and

defense, automotive and medical technology sectors, has been

rolling out AI capabilities in its product suite, including its

flagship Creo design software and Windchill product management

tools.

Separately, the company announced the sale of its Kepware

industrial connectivity and ThingWorx Internet of Things

businesses to TPG.

PTC will receive up to $725 million in total cash

consideration from the deal, if certain thresholds are achieved.

It reported revenue of $893.8 million for the fourth quarter

ended September 30, ahead of analysts' estimate of $750.8

million, according to data compiled by LSEG.

Adjusted profit per share came in at $3.47, also beating the

estimate of $2.27 per share.

PTC forecast first-quarter revenue in the range of $600

million to $660 million, with the midpoint below the estimate of

$637.2 million.

It also expects fiscal 2026 revenue to be between $2.65

billion and $2.92 billion, the midpoint slightly below the

estimate of $2.80 billion.