More on Parametric Technology (PMTC): Q1 beats estimates on an 11% Y/Y jump in total revenue....

|By:, SA News Editor

More on Parametric Technology (PMTC): Q1 beats estimates on an 11% Y/Y jump in total revenue. Organic licensing revenue decreased 10% Y/Y, negatively impacted by a large transaction in Europe that didn't close and weak North American sales. The company also guides FY12 revenue lower, now expecting to earn $1.27B - $1.29B versus $1.31B - $1.33B previously expected. Street expectations were for $1.29B. Shares -0.9% AH.