Tuesday, Parametric Technology Corp. (PMTC) reported first-quarter net income of $17.86 million or $0.15 per share, compared to net income of $4.66 million or $0.04 per share in the same quarter last year.
On a non-GAAP basis, net income was $33.30 million or $0.27 per share, compared to net income of $17.53 million or $0.15 per share in the prior year quarter.
On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.17 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the quarter increased to $258.43 million from $240.39 million in the comparable quarter last year. Analysts expected the company to report revenue of $233.18 million for the quarter.
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