4 on a Wednesday: AspenTech mulls partial sale; Siemens, 3D Systems, and Procore acquire (not each other)
There's so much going on that it's time for a mid-week news roundup: You saw that Autodesk completed its Upchain acquisition, so we won't cover that again. But there's much more to go over: Earlier today, Bloomberg reported that Aspen Tech is exploring its strategic...
Quickie: Autodesk completes Upchain acquisition
Autodesk just announced that its acquisition of Upchain is a done deal. Many of you have asked about Autodesk's plans for integration of Upchain and Fusion 360 / Vault / Forge -- and we should start seeing more information, now that the teams can actually start work....
Nemetschek starts strong, Q1 revenue up 12%cc
The Nemetschek Group recently reported Q1 results that point to a recovery in AEC -- and bodes well for Bentley tomorrow and Autodesk later in the month. The details: Total Q1 revenue was up 8% (up 12% in constant currencies, cc) to €158 millionSoftware revenue €55...
Siemens reports software revenue up 5% on demand for EDA & Mendix — improved outlook for PLM
Siemens reported results on Friday that were, overall, decent. Siemens AG reported total revenue in FQ2 of €14.7 billion, up 8% (and up 9% in constant currencies, cc). As usual, not much detail was given about the PLMish part we focus on, but here are some overall...
Altair has a great Q1 on the convergence of CAE, HPC & AI
Altair CEO Jim Scapa started off the company's Q1 earnings call by saying that their vision of the "convergence of simulation, HPC [high-performance computing] and AI [artificial intelligence] driving enterprise decisions is emerging as a clear imperative embraced by...
Ansys has a solid Q1 but ACV concerns drag down the stock price
Ansys reported Q1 results yesterday that were both good and not-so good --are you seeing a pattern here? PTC and ESI also reported mixed news, with positive Q1 results tamped down by uncertainty around the rest of 2021. First, the details: Ansys reported Q1 GAAP total...
ESI turns the corner, back to growth in Q1
Catching up on more earnings announcements. Last week, ESI Group reported Q1 revenue of €55.5 million, up 1% as reported and up 4% in constant currencies. ESI has been reinventing itself and first issued guidance to investors during the last earnings call. Q1 2021...
Hexagon continues to improve; Q1 revenue up 10%
Hexagon reported results last week that were surprisingly good and that --remember that Hexagon doesn't itself issue guidance-- beat analyst consensus. The details: Total revenue in Q1 was €978 million, up 10% as reported and up 11% on an organic, constant currency...
PTC reports Core up 21%cc in FQ2 but leaves F2021 targets (mostly) alone
PTC reported results last week that were both good and worrisome. The details, then what I think it might mean: Total revenue in PTC's fiscal Q2 2021 was $462 million, up 28% as reported and up 22% in constant currencies (cc) -- well ahead of guidance and everyone's...
Quickie: Bentley acquires for iTwin offering
Bentley just announced that it is acquiring sensemetrics and Vista Data Vision, both of which make software for Internet of Things (IoT) applications targeted at infrastructure use cases. Bentley says the companies will "expand the scope of the Bentley iTwin platform...