Bentley says economy on track

Bentley Systems today held a conference call to update analysts and journalists on its progress in 2011 and offer outlook for 2012. The company did this for the first time last year to satisfy credit ratings agencies but, I think, also wants to also put its strength...

Quick Update: AspenTech, Trimble

Day 4 of no power and spotty connectedness to the Interwebs, but earnings season rolls on so it’s time for another quick update: AspenTech exceeds targets for FQ1 AspenTech yesterday reported results for its first fiscal quarter that were up nicely by most metrics and...

Hexagon: strong Q3, ‘cooling’ China

Hexagon reported a solid third quarter 2011, with total revenue of €521 million, up a whopping 55% as reported and up 13% excluding acquisitions and foreign exchange effect — meaning Intergraph and other recent acquisitions accounted for about €150 million in...

Trimble and Hexagon – mixed picture

It was a very busy week of earnings and economic news as global markets tried to figure out how the budget situation in the US would play out. In general, though their share prices were dragged down by larger economic news, engineering software company reports were...

GPS + drills = Trimble’s vision

Back in May, Trimble Navigation announced that it wanted to acquire Tekla Corporation to build out its vision of a connected construction site. Yesterday the company said that its Finnish subsidiary had acquired over 99% of Tekla’s outstanding shares, meaning...

Bentley shows what’s possible

Let’s just get it out there: I love user conferences. The marketing hype, neat stuff in the vendor/sponsor area, new product announcements, a motivational speaker … the whole thing. The best part, though, is hanging out with users. I talk to users all year long...

Trimble intends to acquire Tekla

Trimble Navigation today announced that it was launching an effort to acquire all outstanding shares of Tekla Corporation. The offer as stated today is for €15.00 per share in cash for a total of €337 million (about $489 million). This is a premium of 52% to Friday’s...

Tekla revenue up 23% in Q1

Tekla, a supplier of AEC software solutions, today announced solid revenue growth in the first quarter — and then Trimble, a supplier of navigation and surveying solutions, announced that it was interested in acquiring Tekla. First, Tekla’s results; Total...

Bentley engineers the wind

Last month Bentley Systems announced the acquisition of the SACS business from Engineering Dynamics, and most people said, who? There wasn’t time then to answer the question, but today we can catch up a bit. Engineering Dynamics, Inc. was founded in 1973 by three...

More good news: Tekla, CENIT

A Bank of America Merrill Lynch report arrived in my inbox this morning with the title “Do earnings never end” — how true. Here are two quick notes on today’s announcements to keep you up-to-date while I finish going over the results reported by Dassault...