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 revenue for the first quarter was nearly €16 million, an increase of 23%. Revenue from Tekla’s Building & Construction business area was up 31% to €12 million, as license revenue increased by more than 40%. According to CEO Ari Kohonen, “large customers that have recovered the fastest from the recession have begun to obtain new licenses in addition to existing ones. We launched Tekla BIMsight to promote information modeling in the construction industry in mid-February.” The company said that growth in license sales was good in Western Europe, India and South America while sales in the Middle East “fell short of the corresponding quarter the previous year, but we expect positive full-year development in there as well”.

Tekla’s Infrastructure & Energy performed “as expected” in Q1, with essentially flat revenue of €3.5 million. According to Mr. Kohonen, “It is typical of this business area that net sales and result are accumulated more towards the end of the year.”

In total, revenue was €15.79 million, operating income was €3.00 million, net income was €2.13 million and earnings per share were €0.09. These results led the company to increase its full-year guidance: revenue is now estimated to increase by at least 15%, with the operating result exceeding 20% of net sales.

Then the Trimble announcement hit the news wires …