Jun-Q EPS of $0.09, vs. $0.03, is $0.03 over our estimate. Total revenues grew 7.4% to $243M, $8M above our forecast. License revenues increased 37%, as the company closed two large deals in the quarter. However, we see a softer IT spending environment given the financial uncertainty in Europe. We think further market share gain in the Product Lifecycle Management segment will be more difficult to achieve. We raise our FY 10 (Sep.) EPS estimate by $0.02 to $0.48, but trim FY 11's by $0.04 to $0.59 on slower license revenue growth. We keep our target price of $16.