Parametric Technology Corp. (PMTC), a maker of software that helps manufacturers design new products, is apparently upbeat after a contract win from Volvo and a stellar quarter.
This morning, the company said truck maker Volvo has signed an agreement to use its Product Lifecycle Management software - Windchill, after an exhaustive final validation.
Tuesday, the company posted stellar quarterly results and raised its full-year outlook, citing large product lifecycle management contracts in North America.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.