Parametric Technology (Nasdaq: PMTC) reported earnings on Jan. 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 29 (Q1), Parametric Technology met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share grew significantly.

Gross margins increased, operating margins contracted, net margins increased.

Revenue details
 Parametric Technology tallied revenue of $321.3 million. The 10 analysts polled by S&P Capital IQ wanted to see sales of $320.4 million on the same basis. GAAP reported sales were 0.5% higher than the prior-year quarter's $318.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.36. The 10 earnings estimates compiled by S&P Capital IQ forecast $0.33 per share. GAAP EPS of $0.29 for Q1 were 61% higher than the prior-year quarter's $0.18 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 69.6%, 50 basis points better than the prior-year quarter. Operating margin was 9.2%, 170 basis points worse than the prior-year quarter. Net margin was 11.2%, 420 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $326.0 million. On the bottom line, the average EPS estimate is $0.40.

Next year's average estimate for revenue is $1.36 billion. The average EPS estimate is $1.75.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 73 members out of 90 rating the stock outperform, and 17 members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give Parametric Technology a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Parametric Technology is outperform, with an average price target of $26.00.

Software and computerized services are being consumed in radically different ways, on new and increasingly mobile devices. Many old leaders will be left behind. Whether or not Parametric Technology makes the coming cut, you should check out the company that Motley Fool analysts expect to lead the pack in "The Next Trillion-dollar Revolution." Click here for instant access to this free report.