It's not often you get to buy high-growth companies on good free-cash-flow (FCF) yields, but that's the case with industrial software company PTC (NASDAQ: PTC) right now. The company's long-term growth prospects are excellent and driven by the most exciting secular growth trend in the industrial world, the digital transformation of manufacturing. Here's why PTC is an outstanding stock to buy. 

PTC's business is organized into two product groups. The computer-aided design (CAD) group offers software for data authoring, including CAD software and augmented reality (AR). 

The second group, product lifecycle management (PLM), includes PLM software, Internet of Things (IoT) software, application lifecycle management (ALM), and service lifecycle management (SLM) software. Management defines the PLM product group as "software used for product data management and process orchestration." 

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Source Fool.com