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Bumping Its Head


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Bloomberg reports that PTC gonna restate revenue.

 

Quote:

 

Parametric Technology Corp. shares fell as much as 23 percent after the maker of engineering software said it booked $20 million to $25 million in sales earlier than it should have and will restate results.

...

The company found the error after installing a newer version of Oracle Corp. accounting software, spokesman Tom Barth said Tuesday after U.S. stock markets closed.

 

 

PTC is NAZ 100 stock.

 

New Oracle accounting software? wtf, iI thought people are planing when and what to put as "recognised revenue", no?

 

Kinda sucks inside to read thing like these about company that you once worked for...

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