Super-quick: Schneider Electric may buy the rest of AVEVA
Morning news troll. AVEVA shares up 30% -- why? A tiny bit of surfing tells me that Schneider Electric says it is considering a possible offer to acquire the 41% of outstanding shares in AVEVA that it does not already own. Note: considering, possible ... not by any...
Graphisoft at 40: Looking forward
What do you do when you’re no longer a teenager in a world that prizes newness and chases the next hot thing? If you’re Graphisoft, you celebrate your 40th birthday while simultaneously showing that you’re just as capable as the new kids in bringing your customers the...
Siemens DI software revenue up 14%, again led by EDA
Siemens today reported decent results for its fiscal third quarter even with the stresses in component supply chains and the European energy markets. The part we care most about, Digital Industries, reported revenue of €4.9 billion, up 18% (and up 12% in constant...
Bentley reports solid, “straightforward” Q2
Many signs are positive for AEC companies right now. Public spending on infrastructure is up, there's a renewed interest in oil and gas exploration and extraction, and we seem to have figured out how to do business even with shutdowns and sanctions -- leading AEC...
Altair revenue up 11% in Q2 on strength in CAE
Altair last night announced results for Q2 2022 -- and exceeded expectations in just about all revenue categories. The details: Total Q2 revenue was $133 million, up 11% as reported and up 16% in constant currencies, or ccSoftware product revenue was $117 million, up...
ANSYS Q2 beats expectations, raises annual guidance
Ansys last night reported Q2 GAAP revenue of $474 million, up 6% as reported and up 12% in constant currencies (cc) -- and handily ahead of expectations. The details: Within total revenue, Subscription and lease revenue was $135 million, up 4% (up 12% cc)Perpetual...
AVEVA’s CQ2 revenue down/flat cc but ARR up
AVEVA released one of its quick-and-cryptic investor communications this morning. It said revenue in the June quarter declined at "a mid-single digit rate ... on a constant currency basis" but was "flat on a reported currency basis, supported by the strengthening of...
Hexagon’s Q2 revenue up 6% occ on strong demand across verticals and geos
Hexagon reported results this morning that blew past analyst expectations. Total revenue in Q2 was €1,289 million, up 20% as reported and up 6% on an organic and constant currency basis (occ), beating analyst consensus. Happy investors. By business group, Industrial...
Earnings recaps: Cadence & Dassault Systèmes report solid results and talk acquisitions
Cadence reported results last night and offered more insight into its entry into the life sciences market. First, the results: Q2 revenue was $858 million, up 18%. By end segment: Digital IC revenue grew 14%; Functional Verification grew 13%; IP revenue grew 30%; and...
4 on a Monday: Cadence acquires in bioscience, ESI sells some CFD (NOT OpenFOAM), MuM announces Q2, and Hexagon gets into 80s rock — not really
A quick catch-up on some recent news as we get ready for a bumper crop of earnings this week: Cadence said it would acquire OpenEye Scientific Software, maker of molecular modeling and simulation software used by pharmaceutical and biotech companies, for about $500...
5 on a Monday: Addnode & Sandvik report Q2, Cadence acquires Future Facilities, Matterport adds to its real estate offering & Siemens snaps up ZONA for aero simulation
Yes, a quick catchup blog is unusual on a Monday, but I was traveling last week and am just now digging through the inbox. A lot happened while I was away! We had a couple of early earnings releases, and things seem positive so far, with a slight drag from exiting...
3 on a Friday: Bentley exits Russia, Mastercam holds a contest and the NYT says VC funding mixed
Was it a very long week for you, too? In the US, it started horribly, but it hasn't been great in a lot of places. I hope you and yours are safe and that the sun is shining. Anyway, a few bits to send you into your weekend: Bentley announced that it's withdrawing from...
Nemetschek invests in 4th startup in 14 months
The Nemetschek Group announced that it has invested in SymTerra, a UK startup working on a construction site communications platform. Nemetschek says SymTerra’s communication platform “allows easy, instant, and intuitive communication across multiple...
5 on a Friday: celebrations, acquisitions, investments & charges
Before anything else: Canadians, happy Canada Day! Americans, get that barbecue ready and have a great 4th of July! Everybody else, have a restful weekend - or join us. We'll put a vegan hot dog on the grill for you. On to the news: First off, Altair confirmed that...
Quickie: Altair expands electronic system offering by acquiring Concept Engineering
Altair just announced that it has acquired Concept Engineering, maker of schematic generation tools, electronic circuit and wire harness visualization platforms, and electronic design debugging tools. The visualization and debug technology is available as a standalone...
Altair acquires Univ of Bath startup for additive manufacturing
Altair just announced that it has acquired Gen3D, a "startup out of the University of Bath, U.K". I wasn't aware that Gen3D but Altair characterizes the company as "implementing the implicit geometry method for describing highly complex geometries such as lattice...
2 on a Friday: Chaos buys into archviz and Modelon announces Q1 results
The beginning of the week featured Memorial Day here in the US and the week ends with the Jubilee of the Queen of England. The combo seems to have created a slow news week -- but here are two interesting things to know about: First off, Chaos, the company that makes...
Autodesk’s Q1 beats expectations, sets up for strong fiscal 2023
You know me: cynical. When I saw that Autodesk had scheduled its earnings release for the Thursday before Memorial Day weekend, in a year that's reputed to be "revenge vacation"-heavy, I expected bad news. After all, if it's good news, you want people paying...
Sandvik lays out CAM ambitions
I am seriously behind on posting earnings writeups but for now, know that most companies reported good results for the March quarter and that our corner of the IT vendor space has little exposure to Russia and Belarus, so won't see a significant revenue decline due to...
Digital transformation? Let’s talk.
I was at Autodesk’s Accelerate conference in New Orleans earlier this week. Many great speakers talked about how they are adapting to the realities they find themselves in—demanding customers, changing supply chains, squeezed timelines — and, oh, the complexities of...
