-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DeYS/1dE916PrORG3Dt7mXLvo3fgqfJp/3fPvjoB4Q3GRg72zclo9banMoYwX+QU mkvH8I2wGo282CUo6ZHBgQ== 0000857005-09-000002.txt : 20090108 0000857005-09-000002.hdr.sgml : 20090108 20090108082418 ACCESSION NUMBER: 0000857005-09-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090108 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090108 DATE AS OF CHANGE: 20090108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PARAMETRIC TECHNOLOGY CORP CENTRAL INDEX KEY: 0000857005 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 042866152 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18059 FILM NUMBER: 09514459 BUSINESS ADDRESS: STREET 1: 140 KENDRICK STREET CITY: NEEDHAM STATE: MA ZIP: 02494 BUSINESS PHONE: 7813705000 MAIL ADDRESS: STREET 1: 140 KENDRICK STREET CITY: NEEDHAM STATE: MA ZIP: 02494 8-K 1 form8k.htm FORM 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

 

Date of report (Date of earliest event reported)

January 8, 2009

 

Parametric Technology Corporation

(Exact Name of Registrant as Specified in Its Charter)

 

Massachusetts

(State or Other Jurisdiction of Incorporation)

 

0-18059

04-2866152

(Commission File Number)

(IRS Employer Identification No.)

 

140 Kendrick Street

Needham, Massachusetts

 

02494-2714

(Address of Principal Executive Offices)

(Zip Code)

 

(781) 370-5000

(Registrant’s Telephone Number, Including Area Code)

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Section 2 - Financial Information

 

Item 2.02.

Results of Operations and Financial Condition.

 

On January 8, 2009, Parametric Technology Corporation issued a press release announcing preliminary results for its first fiscal quarter ended January 3, 2009. A copy of the press release is furnished herewith as Exhibit 99.1.

 

Section 9 - Financial Statements and Exhibits

 

Item 9.01.

Financial Statements and Exhibits.

 

 

(d)

Exhibits.

 

 

99.1

A copy of the press release issued by Parametric Technology Corporation on January 8, 2009 is furnished herewith.

 

2

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Parametric Technology Corporation

 

 

Date: January 8, 2009

By:

/s/ Cornelius F. Moses, III

 

 

 

Cornelius F. Moses, III

 

 

 

Executive Vice President and Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

3

 

 

 

 EX-99.1 2 pressrelease.htm PRESS RELEASE

PTC Provides Preliminary Q1 FY’09 Results

 

NEEDHAM, MA — January 8, 2009 -- PTC (Nasdaq: PMTC), The Product Development Company®, today provided preliminary financial results for its fiscal first quarter ended January 3, 2009.

 

Highlights

 

*

Q1 non-GAAP Results: Revenue of $240 million with EPS of $0.14 to $0.16

 

*

Q1 GAAP Results: Revenue of $240 million with EPS of $0.03 to $0.05

 

The preliminary Q1 non-GAAP results exclude approximately $10.5 million of stock-based compensation expense, $8.5 million of acquisition-related intangible asset amortization expenses and $6.2 million of related income tax effects.

 

C. Richard Harrison, president and chief executive officer, commented, “The global economic situation has impacted our financial results for Q1. Revenue for Q1’09 of $240 million is essentially flat with Q1’08. On an organic constant currency basis, our Q1’09 revenue is down approximately $6 million, or 3%, compared to Q1’08. Our maintenance and services businesses continued to perform well in this environment, with the shortfall in Q1 revenue relative to our guidance of $250 to $260 million due to reduced license sales in all of our major geographies.”

 

The preliminary Q1 results include a non-GAAP tax provision rate of 22%, a GAAP tax benefit rate of 59% and approximately 117 million diluted shares outstanding.

 

PTC expects to announce final Q1 results on Tuesday, January 27, 2009 after the market closes and to host a conference call / webcast before the market opens on Wednesday, January 28, 2009. Details below.

 

Q1 Earnings Conference Call and Webcast

 

What:

PTC Fiscal Q1 Conference Call and Webcast

 

IMPORTANT: Supplemental financial and operating metric information and prepared remarks with respect to the conference call will be posted to the investor relations section of our website simultaneous to the press release after the market closes on Tuesday, January 27. The prepared remarks will not be read live; the call will be primarily Q&A.

 

When:

Wednesday, January 28, 2009 at 8:30 a.m. Eastern Time

 

Dial-in:

1-888-566-8560 or 1-517-623-4768

 

Call Leader: Richard Harrison

 

Passcode: PTC

 

Webcast:

http://www.ptc.com/for/investors.htm

Replay:

The audio replay of this event will be archived for public replay until 4:00 pm on February 2, 2009

 

at 1-866-434-5264 or 1-203-369-1006. To access the replay via webcast, please visit

 

http://www.ptc.com/for/investors.htm.

(continues)

 

Important Information About Non-GAAP References

PTC provides non-GAAP supplemental information to its financial results. Non-GAAP operating margin and EPS exclude stock-based compensation expense, amortization of acquired intangible assets, and the related tax effects of the preceding items and any one-time tax items, such as valuation allowance reversals. PTC provides this non-GAAP information to facilitate period-to-period comparisons of its operational performance by adjusting for certain non-cash and certain episodic expenses. We believe that providing non-GAAP measures affords investors a view of our operating results that may be more easily compared to peer companies. PTC management also uses this and other non-GAAP financial information to evaluate, manage and plan our business because the information provides additional insight into ongoing financial performance. In addition, compensation of our executives is based in part on the performance of our business based on these non-GAAP measures. However, non-GAAP information should not be construed as an alternative to GAAP information as the items excluded from the non-GAAP measures often have a material impact on PTC’s financial results. Therefore, management uses, and investors should use, non-GAAP measures in conjunction with our reported GAAP results.

 

About PTC  

PTC (Nasdaq: PMTC - News) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 50,000 companies worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC is included in the S&P Midcap 400 and Russell 2000 indices. For more information on PTC, please visit http://www.ptc.com.

 

This press release contains preliminary results for the first quarter of 2009. Actual results may differ from those stated as a result of finalization of our first quarter financial statements. In addition, our assumptions concerning our GAAP and non-GAAP effective income tax rates for the quarter are based on estimates and other factors that could change, including geographic mix of our revenue and profits.

 

PTC, The Product Development Company, and all other PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries. All other companies referenced herein are trademarks or registered trademarks of their respective holders.

 

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