Is This the Hottest Sector for 2020?
Industrial software represents one of the most exciting long-term growth stories on the market. The big question is, Can it grow when industrial companies are cutting back on their spending plans? If the answer is yes, then smaller, pure-play, industrial companies like PTC (NASDAQ: PTC), Dassault Systemes (OTC: DASTY), and Aspen Technology (NASDAQ: AZPN) will be very attractive stocks in 2020. Fortunately, PTC gave results recently, and if they are anything to go by, investors should be thinking positively. Here's the lowdown.
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The largest industrial automation company in the world, Germany's industrial giant Siemens (OTC: SIEGY), gave its fourth-quarter earnings in November and pleased the industrial software world with its outlook. The company's in-house software capability makes it one of the largest industrial software companies, so when management predicted 8% growth in industrial software for 2020, the market took notice.
Source Fool.com
