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AVEVA shares surge on profit

AVEVA Group plc on Tuesday reported significantly higher profits for fiscal 2009 (ended March 31) as growth across most regions and product areas helped the company to a 29% increase in revenue over last year. Both revenue and profit were slightly better than...

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Autodesk slightly exceeds (depressing) expectations

All day the news dribbled in: Credit Suisse cuts its estimate for Autodesk's 2010 revenue to$1.684 billion from $1.713 Billion; Bank of America/Merrill Lynch thought that the "focuscould shift from [operating expenditure] cuts to revenue growth" and that its...

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Rackable changes name to SGI

Remember how I lamented the loss of a brand as venerable as SGI's? Well, it turns out thatRackable felt the same way, changing its name and ticker symbol to SGI yesterday. In apress release, CEO Mark Barrenechea said that “[l]everaging a unified SGI brand will...

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Business still tough for VARs

Not surprisingly, VARs are not yet seeing any end to the economic turmoil described by thepublic PLM companies in the last few weeks. Avatech Solutions (one of the few publicresellers in the engineering software space) reported a significant revenue decline for...

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Updated: ANSYS OK in Q1 but lowers 2009 guidance

ANSYS announced Q1 results today, with GAAP revenue of $116.3 million coming inslightly lower than the company's earlier forecast of between $117 million and $129 millionbut still up from last year's reported $109.5 million.Like everyone else in the engineering...

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Tata Nano Upscale!

know you're all very interested: Tata Motors reports that it sold more than 203,000 Nanocars for a total of 25 billion rupees (or slightly over $510 million) from April 9 to April 25, fordelivery beginning in July. Only about 20% of customers ordered the base model...

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Updated: MSC interim CEO definitely in charge

MSC Software announced this afternoon that its results were within guidance and that it is seeing the same declines in new license revenue shown by other PLM suppliers. MSC reported total revenue for the first quarter to $53.6 million, down 12% from last year, led by...

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Dassault Systèmes sees tough times continuing

As expected, DS reported that the economic conditions seen in the fourth quarter continuedin the first, leading to a constriction in spending on new licenses as companies scaled backimplementations. Total revenue for the quarter was EU309.7 million, up 1% as reported...

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Trip Report: Arizona in April

- is lovely. Stark brown scrubby hills surrounding the city of Phoenix -- which stretches onforever. I will definitely go back to climb some of those hills someday, if I can convincemyself that the scorpions and rattlers are more afraid of me than I of them.I attended...

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Surprise! Oracle buys Sun

It hit the wires this morning: Oracle has agreed to pay $9.50 a share for Sun, a transactionthe companies have valued at $5.6 billion, excluding Sun's cash and debt. The deal givesOracle the ability to sell hardware as well as its database technology -- and perhaps...

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WSJ says venture capital at 11-year low

The Wall Street Journal today has a bunch of stats related to investment by venture firmsover the last several months. A quick summary: In Q1 2009, VCs invested only half asmuch as a year ago -- still close to $4 billion but the lowest amount since 1998. Thenumber of...

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Dassault Systèmes reports a tough Q1

Dassault Systèmes reported that Q1 revenue was around EU310 million, far lower than theearlier target of EU325 million to EU335 million. Said CEO Bernard Charlès in a preparedstatement, "Revenue grew a modest 1% year-over-year, as the business environment,...

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Intel thinks we’ve bottomed out

Earnings season is slowly starting. No, Intel is not a PLM company, but it is an importantindicator of global demand. Intel today reported first quarter revenue of $7.1 billion, operatingincome of $670 million and net income of $647 million. The net is far higher than...

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Solidworks cares about displaced workers, too!

SolidWorks announced that it is giving back to loyal users and helping them hone theirskills as they face tough competition in the job market. Originally mentioned at SolidWorksWorld in February but activated this week, SolidWorks' Engineering Stimulus Packageoffers a...

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