Key Developments For Parametric Technology Corporation
Parametric Technology Corporation (PMTC.O) (Nasdaq)
Parametric Technology Corporation Issues Q1 2010 Mixed Outlook; Issues FY 2010 Outlook Above Analysts' Estimates
Parametric Technology Corporation announced that for the first quarter of 2010, it expects revenue of $230 to $240 million, non-GAAP earnings per share (EPS) of $0.12 to $0.18 and GAAP EPS of ($0.02) to $0.04. For fiscal 2010, the Company expects revenue target of $980 million, non-GAAP EPS target of $0.96 and GAAP EPS target of $0.43. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.19 on revenue of $226 million for the first quarter of 2010; EPS of $0.95 on revenue of $951 million for fiscal 2010.
Parametric Technology Corporation Issues Q4 2009 Guidance; EPS Guidance Below Analysts' Estimates; Lowers FY 2009 Guidance
Parametric Technology Corporation announced that for fourth quarter of 2009, it expects revenue of $235-$245 million, non-GAAP EPS of $0.25-$0.30 and GAAP EPS of $0.09 to $0.13. For fiscal 2009, it expects revenue of approximately $931 million and non-GAAP EPS of approximately $0.77. According to Reuters Estimates, analysts were expecting the Company to report revenues of $241 million and EPS of $0.32 for fourth quarter of 2009; revenues of $930 million and EPS of $0.78 for fiscal 2009.
Parametric Technology Corporation And Atos Origin Partner to Deliver Product Lifecycle Management Solutions
Parametric Technology Corporation and Atos Origin, an international IT services company, announced they will partner to provide Product Lifecycle Management (PLM) solutions for discrete manufacturing companies in the Aerospace & Defense, Industrial, Electronics & High Tech, Automotive, Medical and Consumer industries in Europe. The partners will focus on a consulting-led approach and exploit in-depth market knowledge to offer customers innovative, sustainable and results-oriented solutions that will reduce time to market considerably.
Parametric Technology Corporation Extends Leadership In Aerospace & Defense With Samsung Thales Corporation's Selection Of Pro/ENGINEER
Parametric Technology Corporation announced that Samsung Thales Corporation, a Korean defense company, has selected Pro/ENGINEER, the Company's parametric 3D CAD/CAM/CAE solution as its design solution. With this decision, Samsung Thales, who had previously standardized on the Company's Windchill as its product lifecycle management (PLM) solution, expands its use of the the Company's Product Development System. Samsung Thales selected Pro/ENGINEER to provide a global design process optimized according to international standards as a means to secure global competitiveness, displacing its previous CAD system.
Parametric Technology Corporation Expands Product Analytics Strategy With Acquisition of Relex Software Corporation
Parametric Technology Corporation announced that it has acquired Relex Software Corporation (Relex), based in Greensburg, PA. Relex provides software and services for analyzing design and field data in order to assist in evaluating and improving product reliability and safety. Relex products and services are used by thousands of engineers in a variety of businesses around the globe, including aerospace & defense, medical equipment, telecommunications, electronics and high-tech, automotive, and industrial equipment. The company was privately held and had approximately 50 employees. Financial terms of the acquisition were not disclosed. With this acquisition, PTC continues to execute its product analytics strategy, broadening its family of solutions to include product reliability in addition to environmental compliance.
