PTC’s FQ1 was good, but macroeconomic worries loom
PTC announced fiscal Q1 2023 results last night that were better than expected in some areas. Profit was up but not as much as expected, and ARR was bigger than expected even though growth slowed a bit ... it was the mixed bag we're becoming used to. The details:...
Earnings are a mixed bag so far, with Hexagon and AspenTech reporting, and reports from Microsoft and SAP driving news
Tech earnings start piling up this week, so before we drown under news from Meta, Apple, Amazon, and others — and PTC and Dassault Systemes in our little part of that universe — let’s recap what we’ve heard so far. While not a PLMish company, what Microsoft says has a...
Super quick: Hexagon preannounces because of data breach
Almost every earnings season, someone asks why companies preannounce, and I reply that it's usually to make sure no ethics violations can occur. Earnings info is usually considered market-moving so if a hint escapes and someone buys or sells shares based on that...
Sandvik’s Q4 2022 knocked expectations out of the park
Sandvik started the PLMish reporting season with a bang, reporting Q4 2022 results that beat expectations in nearly all instances. (Note that Sandvik doesn’t give exact guidance, so the numbers that were beaten were those from investment analysts. But these beats...
It’s finally done: Schneider Electric owns AVEVA
And so we have the final episode of this saga: AVEVA shares are no longer being traded on the London Stock Exchange today as the final step in the sale of AVEVA to Schneider Electric. The last trades yesterday put the closing share price at 3,220.50 pence (GBP 32.205)...
Hexagon to buy SaaS-based Projectmates for construction offering
Remember years ago when Hexagon first said it was interested in expanding from design into construction? Given its strength in plant design, this was a natural progression. But the companies that build process plants aren't owners, they're contractors -- EPCs like...
Ansys continues buildout, acquires Rocky DEM
First off, happy new year! May 2023 bring you happiness and health! Ansys wins the prize for the first-announced deal of 2023, saying that it had acquired Rocky DEM and its developer and support teams from long-time channel partner Engineering Simulation and...
May the new year …
… be filled with health, happiness, joy, and success. It's almost time for a lovely winter nap -- and perhaps some frolicking in the snow if that big storm materializes -- but first, we'd like to thank you for an amazing 2022. See you in 2023!
5 on a Monday: update on Ansys+DYNAmore; Gamma, TECHNIA and Lectra acquire; HOOPS goes Epic
It’s Monday, one of the last of 2022 — and so much is happening. First, an update on Ansys’ acquisition of DYNAmore: I posited that Ansys was also acquiring Scale, the DYNAmore services arm. Not so — Ansys says Scale is not part of the deal announced last week. And...
Ansys to acquire DYNAmore for its automotive products and expertise
And the acquisitions continue. Ansys just announced that it would acquire DYNAmore for its explicit simulation products, consulting, and sales expertise targeted at the automotive industry. And those are impressive: the German company, according to Ansys, counts "nine...
5 on a Friday: Bentley, Cadmatic, FARO, GoEngineer and Graphisoft all acquire
SO much news to catch up on: FARO acquired SiteScape, a maker of low-res iOS LiDAR scanning software that's used in indoor AEC and operations and maintenance applications. Read that again: iOS LIDAR. High-fidelity LIDAR is still essential in many...
YII 2022: Bentley’s evolution nudges a data revolution
Earlier this month, I was lucky enough to attend the 2022 edition of Bentley Systems’ Year in Infrastructure. While much was similar to prior years’ in-person YIIs, a lot was different. There was certainly the simple joy of being together in real life that I’ve...
Quickie: AVEVA shareholders approve sale to Schneider Electric
I hope you had a wonderful, restful weekend! While some of us were enjoying turkey and trimmings, AVEVA's minority owners approved a sale of their shares to Schneider Electric (SE). This ends the story that started when SE first offered to buy part of the company in...
Happy Thanksgiving!
It's been a frantic Fall, so it's lovely to feel things slowing down this week. In the US, Thanksgiving Thursday is about food, family, friends, and being grateful for the bounty in our lives. My list of things to be thankful for is long and includes you — thank you...
Super quick: PTC to acquire ServiceMax for $1.5 billion
PTC just announced that it will acquire ServiceMax in a $1.46 billion deal that's expected to close in January. You've probably heard of ServiceMax; they offer field service management solutions in the cloud. ServiceMax has been a competitor/partner for PTC's own...
4 on a Saturday: travel catchup edition
I've been AWOL the last two weeks, walking the length of the Kennet and von canal in England. Amazing engineering, water control in a place where rain is a given … and beautiful countryside. More on that at some point. While I was walking, the PLMish world created...
2 on a Wednesday: Earnings from Hexagon and Nemetschek
Hexagon and Nemetschek reported results late last week, and I just couldn’t get to them — so here are quick recaps. Hexagon reported total net sales in Q3 of €1,317 million, up 22% as reported and up 7% on an organic, constant currency (occ). Within that €1.3...
ESI’s Q3 shows subs transition ahead of plan
You might recall that ESI held its Live event in September. That was customer-focused, where presenters talked about how the auto, aero, and heavy industries use ESI products to design better and faster. The week after that conference, ESI held a capital markets...
AU 2022: a joyous in-person extravaganza
Last month, Autodesk held its first Autodesk University (AU) in person since the whole COVID drama began. It was both a very familiar event and completely new. New: New Orleans instead of Las Vegas! Being handed a COVID test kit at registration! A NOLA brass band!...
4+ on a Friday, earnings edition: Addnode, AspenTech, Cadence and Schneider Electric
So much news this week! A quick recap: Addnode gets two spaces in this roundup, one for acquisition and the other for earnings. First, the company announced that it has acquired JBL’s Dassault Systemès-related business, which will merge into Addnode’s TECHNIA’s North...
