Parametric Technology Corporation reported unaudited consolidated earnings results for the first quarter ended December 31, 2011. For the quarter, the company reported Non-GAAP revenue of $319.8 million, up 20% year over year, and non-GAAP diluted earnings per share of $0.35 compared to non-GAAP diluted earnings per share of $0.22 for the same period last year. GAAP revenue was $318.3 million and GAAP diluted diluted earnings per share was $0.18 compared to GAAP revenue of $266.55 million and GAAP diluted EPS of $0.18 for the same period last year. For the quarter, revenue was negatively impacted by $4.6 million by currency effects and non-GAAP EPS was negatively impacted by $0.01 due to a higher-than-expected tax rate and currency effects. GAAP operating income was $35.51 million compared to $17.11 million for the same period last year. GAAP operating income was $58.79 million compared to $35.35 million for the same period last year. Income before income taxes was $29.86 million compared to $15.22 million for the same period last year. GAAP net income was $22.12 million compared to $13.26 million for the same period last year. Non-GAAP net income was $42.49 million compared to $26.42 million for the same period last year. Net cash provided by operating activities was $36.49 million compared to net cash used in operating activities of $48.04 million for the same period last year. Capital expenditures was $7.57 million compared to $5.41 million for the same period last year. The company provided earnings guidance for the second quarter ending March 31, 2012. For the quarter, the company expects Non-GAAP revenue of $305 to $320 million, non-GAAP EPS of $0.32 to $0.36, GAAP revenue of $304 to $319 million and GAAP EPS of $0.06 to $0.11, including a $20 million restructuring charge. Revenue guidance assumes approximately $22 million contribution from MKS and 4CS, including $1 million in non-GAAP revenue. The second quarter guidance assumes a non-GAAP tax rate of 25% and a GAAP tax rate of 21%. For the full year, company expects Non-GAAP revenue of $1,310 to $1,330 million and non-GAAP EPS of $1.58 to $1.62, Non-GAAP operating margin of approximately 20%, up from approximately 18% previously, despite currency effects, GAAP revenue of $1,307 to $1,327 million and GAAP EPS of $0.93 to $0.97, including $20 million restructuring charge. The full year target assumes a non-GAAP tax rate of 25% and a GAAP tax rate of 21%. CapEx will be $28 million to $30 million for the year.