PTC’s FQ3 a story of big deal misses and IoT growth
As PTC announced a few weeks ago, fiscal third quarter (FQ3) revenue was $304 million, below the company forecast of $306 million to $311 million. What happened in the quarter to cause revenue to be below expectations? It comes down to two things: PTC’s reliance on...
Quickie: DS blows by Q2 forecast
Dassault Systèmes reported today that Q2 revenue was €716 million, up 29% as reported (and up 16% in constant currency) year/year. The company had forecast non-IFRS total revenue of around €675 million and just reported non-IFRS Q2 revenue of €723 million. Some of...
MuM reports H1 up 15%, VAR up 10% or so ex-fx
German reseller and software developer Mensch und Maschine (MuM) releases its earnings shortly before other PLM companies and often signals whether the market is doing well — if the company’s Q2 report is anything to go by, it should be a decent earnings...
DEAL! AVEVA+Schneider, sorta
While you and I were at the beach or in the mountains, the lads and lasses at AVEVA have been busily negotiating a merger with Schneider Electric, one of the suitors that kept cropping up over the last couple of years. It’s a very complicated deal –and it...
Aconex snaps up Worksite to boost construction efficiency
I don’t write about the smaller companies in our PLMish universe often enough — yet they create valuable solutions that are used successfully and profitably by customers around the world. One reason they fascinate me: they compete against suppliers who...
AVEVA’s trading update: all going as planned
AVEVA issued another one of its periodic trading updates last week: In a very brief statement, AVEVA said that it hasn’t seen any change in the business climate since its May report and that the continued strengthening of the British pound continues to drag down...
PTC starts earnings with a warning, deals slipping
PTC last week said that its fiscal third quarter (ended June 30) would be a bit light, as it expects to report GAAP revenue of $303 million, short of its own forecasts and analysts consensus of $310 million and down about 10% from a year ago. Not surprising, then,...
Bentley Systems files preliminary paperwork for an IPO
Not to be all-Bentley-all-the-time, but … this is big news. This morning Bentley Systems announced that it’s filed preliminary documents with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO) of its class B shares. This...
