This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Parametric's CEO Presents At JP Morgan TMT Conference (Transcript)

Jim Heppelmann



Good, thank you. Thanks, Sterling. Good to have the opportunity to participate in the fireside chat here today. There's lot to talk about. I just want to provide a kind of quick backdrop to what leads us to the topic or issues of the day today.

PTC had a pretty good year last year, we came off year of 16% growth and 26% earnings growth and we're headed into a pretty strong year this year as well. In February of this year, we actually had an analyst day and upgraded or lifted our long-term outlook.

We had had a plan out there for 2014 or let's say a goal for 2014 and we raised the goal and basically set our new goal because we're actually ahead of plan on the 2014 goal and planning to meet some of those metrics already in 2012.

We set a new goal for 2015, which was to have between now and then 11% to 13% revenue growth CAGR to increase our operating margins from the 20% or so that they are this year, or that they will be this year to 25% to 27% and that would drive our earnings per share up, considerably from where they are today.

So that would say – let me say in 2012 our current guidance is about $1.280 billion to $1.282 billion, our margin guidance is about 20% and our EPS guidance is a little under $1.50 but that says in 2015 we would be more like at the middle of that range $1.8 billion 26% operating margins and $3 a share.

So it's an interesting plan and that certainly got a lot of shareholder interest. Then we proceeded unfortunately to post rather a weak quarter in the March ending quarter. We missed particularly on the license revenue.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,979.13 +59.54 0.35%
S&P 500 1,986.51 +4.91 0.25%
NASDAQ 4,526.4820 -1.0320 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs