Parametric Tech Blows Away Estimates
Stock quotes in this article:
PMTC
The acquisition brings Parametric 4,000 new electronics accounts, primarily in Europe and Japan, CEO Richard Harrison said on a conference call.
The Needham, Mass.-based company also expects to restate financials for 2001 to 2006 due to transactions with client Toshiba that "appear to have been related to an allegedly fraudulent scheme conducted by a Toshiba employee," Parametric said in a statement. The restatement is expected to reduce fiscal 2006 revenue by $8 million.- Loading Comments...
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