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TheStreet Open House

Parametric Technology's Management Present At Barclays Capital Global Technology, Media And Telecommunications Conference (Transcript)

Parametric Technology Corporation (PMTC)

Barclays Capital Global Technology, Media and Telecommunications Conference Call

May 22, 2012 02:25 pm ET

Executives

Jeff Glidden - EVP & CFO

Tim Fox - IR

Analysts



Presentation

Unidentified Analyst

Okay, thanks for joining us for our next session. We've got Jeff Glidden and Tim Fox from Parametric here. You might not know my background. I have been covering the CAD CAM space, so my coverage of that so for quite a long time and so I have been looking at Parametric for quite a while now. Actually I have to say the last six months have been very, very interesting. And just obviously from some of the events that kind of triggered a lot of these in the short term, but some more from the way how we have seen in the same change of management, we have seen a change in focus and that’s something I wanted to explore with you on stage here as well. But you know, I have to say like in spite of that it is mounting a little bit. Let’s just may be you kind of first recap the last few months within the business for you. We had kind of a really very successful start of the year and very interesting Financial Analyst Day and then obviously the trouble around Q1. Initially everyone thought well that's Parametric again, but I have to say frankly that is one of the worst reporting season I’ve seen in software for a long time, especially for Q1. So, maybe let's start with that. So what happened from your perspective as to where we are now and kind of – let's help you understand a little bit things better with what kind of went right there.

Jeff Glidden



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