PTC Inc. (NasdaqGS:PTC) will look for M&A. Neil Barua, Chief Executive Officer said, "Our current policy right now is to continue to pay down debt. We'll reassess at the end of the year. What we do with this strong cash flow performance that we have.

So we'll reassess that as we get to the exit of the year. In terms of M&A, right now, job #1, 2 and 3 has been execution of the organic business, which there's plenty to chop wood on. That being said, we will always be open to M&A that accelerates and builds upon the core priorities of the business.

But the focus is on the execution currently. We'll just stay in the spectator seats and be very close to the field around what more can we do in M&A. It's been a great tool for the company, but we'll be very judicious and disciplined in that manner, if we intend to do it".